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.
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.
Companies connected with real estate investor Vincent Tchenguiz , Tchenguiz Family Trust and its adviser Vincos Ltd. yesterday requested a judicial review into raids on their offices by the U.K.’s Serious Fraud Office in March in a claim alleging the searches were unlawful, the Financial Times reported, citing the claim. A spokesman for Vincent Tchenguiz declined to comment further, the FT said.
Property entrepreneur Vincent Tchenguiz is suing the U.K. Serious Fraud Office for about 200 million pounds ($322 million) over illegal searches and seizures during an investigation into the collapse of Iceland’s Kaupthing Bank hf.