The Serious Fraud Office (SFO) has dropped its probe into property tycoon Vincent Tchenguiz, following an investigation which was branded "incompetent" by a High Court judge.
The SFO has been investigating Tchenguiz (pictured) and his brother Robert over their dealings with failed Icelandic bank Kaupthing in a high profile corruption probe. Tchenguiz said in a statement: "It is nearly 15 months since the SFO had me arrested - in a publicity driven dawn raid. Since that time I have maintained my innocence. I have consistently explained to the SFO that they had got it completely wrong - but, as their investigation collapsed around their ears, they stubbornly maintained that they regarded me as a suspect. The damage to my reputation and the business has been ma...
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