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4 December 2010
Last updated at 11:58 ET
The former Polly Peck tycoon Asil Nadir has been arrested for allegedly breaching his bail conditions.
It is understood the businessman, who returned to the UK in August having evaded trial since 1993, is being held at a London police station.
It is alleged Mr Nadir, 69, secretly transferred £34m out of his Polly Peck company, leading to its collapse.
His trial is not expected to take place until 2012 because of the complexity of the allegations.
Mr Nadir was remanded on bail at the Old Bailey at his first court appearance on fraud and theft charges on 3 September 2010.
His bail conditions included surrendering his passport, reporting to a police station once a week, being prohibited from going near any airport and a curfew between midnight and 0600 BST.
The BBC's legal affairs analyst Clive Coleman said it was not clear which condition Mr Nadir had breached, but he is believed to be being held at Charing Cross Police Station in central London.
A Metropolitan police spokesman said: "We can confirm that a 69-year-old man has been arrested at an address in London W1 for being in breach of his bail conditions.
"He is currently in custody at a London police station."
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It is understood the businessman, who returned to the UK in August having evaded trial since 1993, is being held at a London police station.
It is alleged Mr Nadir, 69, secretly transferred £34m out of his Polly Peck company, leading to its collapse.
His trial is not expected to take place until 2012 because of the complexity of the allegations.
Mr Nadir was remanded on bail at the Old Bailey at his first court appearance on fraud and theft charges on 3 September 2010.
His bail conditions included surrendering his passport, reporting to a police station once a week, being prohibited from going near any airport and a curfew between midnight and 0600 BST.
The BBC's legal affairs analyst Clive Coleman said it was not clear which condition Mr Nadir had breached, but he is believed to be being held at Charing Cross Police Station in central London.
A Metropolitan police spokesman said: "We can confirm that a 69-year-old man has been arrested at an address in London W1 for being in breach of his bail conditions.
"He is currently in custody at a London police station."
Powered by WizardRSS | Best Membership Site Software