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Sunday, August 29, 2010

The morally bankrupt but finanically secure Mr Asil Nadir

The morally bankrupt but finanically secure Mr Asil Nadir



Under English law Mr Asil Nadir to escape creditors declared himself to be bankrupt. Now that the fugitive from justice has flown back to the UK, it remains the case that his status is that of an undischarged bankrupt because "he was never discharged of his bankruptcy status".

How is it then that this penniless person can afford to post a £250,000 bail surety to the court, and afford to rent a £20,000 per month Mayfair town house? If the trial takes 2 year to get to court that's £480,000 just in rent money. Almost three quarters of a million pounds in loose change hardly makes this man a genuine bankrupt.

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