The U.K. Serious Fraud Office misled a judge when it obtained search warrants for the offices of property tycoons Vincent and Robert Tchenguiz, a London court said in a ruling criticizing the white-collar crime prosecutor.
U.K. Serious Fraud Office Director David Green will decide whether the agency should continue its investigation into real estate investor Vincent Tchenguiz in connection with the collapse of an Icelandic bank.
U.K. entrepreneurs Vincent and Robert Tchenguiz were detained today as part of the Serious Fraud Office’s investigation into the collapse of Iceland’s Kaupthing Bank hf, according to a person familiar with the case who declined to be named.
U.K. property tycoon Robert Tchenguiz is heading an Abu Dhabi-backed group that has agreed to buy about 200 million pounds ($315 million) of the debt owed on Banco Santander SA’s 2.3 billion-euro ($3 billion) Madrid-based headquarters, the Financial Times reported, citing a person familiar with the matter. If the debt becomes in breach or expires, the group would have the opportunity to gain control of the development, the FT said.
Robert Tchenguiz, the U.K. real estate investor, is trying to sell nine Welcome Break motorway service stations for more than 300 million pounds ($460 million), the Sunday Times reported, without saying where it got the information.
Robert and Vincent Tchenguiz , the U.K. property investors arrested yesterday as part of a probe into the collapse of Iceland’s Kaupthing Bank hf , skipped a party tonight on Vincent’s yacht, moored in Cannes, France.
The U.K. Serious Fraud Office and police in Britain and Iceland arrested nine men after searching homes and businesses in London and Reykjavik during a probe of the collapse of Iceland’s Kaupthing Bank hf .