Wednesday, August 24, 2022

The man who had it all

Section:

The conviction of Asil Nadir

 

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Last month I visited a house I’d heard much about over the years in the company of Ed Burrows, the personable managing director of Barnsdale Lodge in Rutland. That house, located a few minutes from the hotel that Burrows so ably runs, was Burley-on-the-Hill House.

 

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Asil Nadir
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Burley-on-the-Hill House
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Now converted into apartments, this mansion was built in the 1690s to designs supervised by Sir Christopher Wren and was sold to Polly Peck tycoon Asil Nadir in 1991 for £7 million. Nadir planned to turn Burley-on-the-Hill into a luxury hotel and conference centre with two golf courses but this failed to come to fruition when his Polly Peck empire collapsed following a Serious Fraud Investigation. In 1993, he breached the terms of his bail and fled to Northern Cyprus and as a result Burley-on-the-Hill was sold to the property developer Kit Martin.

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Sick of being a fugitive, Nadir took the gamble of returning to Britain to finally face a trial in July 2010 but this has indeed been his very own nadir. Plainly believing that most documents had faded and his alleged theft of £150 million from the empire had been forgotten, this twice married Turkish Cypriot former business mogul was yesterday convicted on three charges of theft totaling £5.5 million. Aged 71, he now faces a lengthy jail sentence.

 

At the end of the day, Asil Nadir, the man who had it all, had nothing.

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The Steeple Times
The Steeple Times
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2 COMMENTS

  1. The Garrison of Northern Cyprus, (a time warp of beauty and no change), would surely have been a better place to have been a prisoner than at H.M.’s pleasure? Was he mad, arrogant or just plain stupid to return? What a plonker!

  2. I knew Asil years ago. He was on the flashier side of things but it’s awful to see people putting their boots in now that he’s down.

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