It’s a Wednesday night in London, and Vincent Tchenguiz, the biggest owner of residential real estate units in the U.K., is getting wound up about the criminal case that paralyzed his business and threatened to land him in prison.
After promising to clean up the U.K. Serious Fraud Office’s record of failures, the collapse of one of his own cases puts the agency’s director under more pressure than ever to score a victory in its Libor probe.
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.
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.
U.K. real estate investor Vincent Tchenguiz is talking to life insurance companies in an effort to restructure his 2 billion pounds ($3.3 billion) in property holdings, the Sunday Times said, without saying where it got the information.