Are you mad ! I heard your pretty little
speech about ‘an innocent man has nothing to fear from an English Court ‘on
Radio 4, but you have been out of the Country for seventeen years – a lot has
Clearly something went seriously wrong with
the legal process twenty years ago, otherwise you would not have got a Judge to
grant you bail after having done a runner and I do not blame you for one
minute for getting that private plane out of the country. However if you are
expecting to be treated ‘innocent until proved guilty’ you are coming back
to the wrong country.
Since starting writing this letter to you,
the major legal cock up has been revealed; it emerged during a bail
hearing in July this year that you were never, legally speaking, on the
In 1992 having pleaded not
guilty to the SFO’s allegations you were allowed to
leave the court without a judge deciding whether you should be bailed or
A Judge issued an arrest warrant for breach
of bail in 1993, that had never been granted in the first place.
You bet we are not going to hear a lot about
that little slip up
Worstall gives a pretty good summary for those of you in diapers at the time
of the Polly Peck saga; the essence of which is that what PP was doing was
perfectly legal, as was the set up with the Phoenix four. However that is not
going to stop the SFO and Business Innovation & Skills – Insolvency Service
hanging you out to dry, because they don’t believe in pretty speeches about
innocent until proved guilty. All I heard was the almighty clang of the steel
trap closing behind you as you landed.
Channel Four have
already decided you are as guilty as hell.
sometimes described as disgraced, tycoon Asil Nadir is back
in Britain after an absence of 17 years. The last time he left Britain he left
with a trail of loss and closure behind him with the crash of
the then significant retailer Polly Peck. There are 66 charges from that
period still outstanding against him.”
The BBC are not keen either, bringing in the
Michael Mates inscribed watch and asking – Did you work for Polly Peck?
Are you affected by the issues in this story?
Issues, Asil, is a new code word for a
‘progressive’ point of view, as in race issues, green issues, social issues, gay
issues. The alarm bells should be ringing. It usually means somebody has to be
found to blame.
Disregarding the arcane nature of twenty five
year old accounts, where are you going to find twelve men good and true,
uninfluenced by the uninhibited twenty four hour media to form an impartial jury
Asil, they don’t care; they want a high
profile result and you are it, it’s going to take two years for this to come to
trial and in the meantime you are going to have to deal with a post Mandelson
politicised public service wanting to protect us from free wheeling 1980’s
buccaneers like you – especially if they are ‘ foreign’.
Thatcherite Capitalism bad, State Corporatism
Private Company failure and bankruptcy bad,
Public Government failure and bankruptcy good
I cannot remember how much Polly Peck sank
for, but I bet it was not the £1 Bn the public sector lost in Iceland. I don’t
see many District Council Treasurers walking around with tags on their legs !
Where are you are getting the impression that
now is the right ‘environment’ to answer these charges. There may have been a
change of Government, but the new ‘public service’ ethos is still there from the
Blair/ Brown years. Rival public bodies are competing to be the ‘super
You are just the sort of person the SFO want
to take down to prove they are the very boys for the top job.
Do they not have newspapers in Northern
Cyprus, the New Triumphant State really does not like business other than
as a conduit for collecting taxes. Read up about the Phoenix Four, the Nat West
Four etc etc get your lawyers to speak to their lawyers. Get boned up on
the dirty tricks, and don’t forget no matter how much money you have got – the
State has always got far more. Use the Freedom of Information Act as much as you
But at the end of the day Asil, you should
have stayed on the beach, because this is going to end in tears.
Andrew P Withers