SFO denies Tchenguiz case is stunt

first_img Tags: NULL Share KCS-content whatsapp THE Serious Fraud Office (SFO) hit back at claims that its raid on Robert and Vincent Tchenguiz was a “publicity stunt” designed to bolster the reputation of the threatened body.A spokesman for SFO director Richard Alderman said: “There is some suggestion that we have taken this action to put ourselves in a better position for the new serious fraud and crime landscape that is to come. I can say there is no connection at all. Operations of this kind take a lot of planning. It also took the cooperation of authorities in Iceland to mount this case.”The embattled billionaire brothers have seen their Peverel Group property management business fall into administration after Bank of America Merrill Lynch recalled a £125m loan following the SFO raid of their businesses earlier this month.The two men were arrested with seven others on 9 March but were released the same day without charge. The raid was part of the SFO’s investigation into the collapse of Icelandic bank Kaupthing. The raid harked back to the body’s most high-profile cases in the late 1980s and 1990s such as the Guinness affair, Barlow Clowes and Polly Peck. Robert Tchenguiz said the SFO probe was “designed to generate maximum publicity for its own ends given its uncertain future.” The coalition has threatened to merge the SFO with other fraud bodies. whatsappcenter_img SFO denies Tchenguiz case is stunt Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Monday 21 March 2011 9:36 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todaylast_img

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