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Saturday, August 28, 2010

Fugitive Turkish Cypriot tycoon returns to UK

"Fugitive Turkish Cypriot tycoon returns to UK

By RAPHAEL G. SATTER – 1 day ago

LONDON — A tycoon who fled Britain almost two decades ago following the spectacular collapse of his business empire returned to London Thursday to face charges of fraud.

It was the first step in Turkish Cypriot businessman Asil Nadir's attempt to turn the page on a 1980s boom-and-bust story that tarnished the reputation of the ruling Conservative Party — to which he was a major donor — and made him a fugitive from British justice for 17 years."

More:The Associated Press: Fugitive Turkish Cypriot tycoon returns to UK