Wednesday, December 07, 2011
Vincent Vs The Bank
Just who is Vincent Tchenguiz? Well, he’s a businessman who was born in Tehran and went to school there until 1973. He then moved to the UK and eventually got in to the trading business working for companies such as Shearson Lehman Brothers in London.
At one point, in 2008, the Icelandic bank of Kaupthing collapsed. Vincent Tchenguiz, a property tycoon, reached a settlement of 1.5 Billion pounds after the collapse, citing civil damage claims, and after being arrested and investigated for fraud, to which he was cleared.
Vincent Tchenguiz has asked for a judicial review in reference to his arrest and it is unclear if the settlement will cover his legal expenses with are said to be in the millions.
Mr. Tchenguiz has other homes as well as a yacht bearing the name, “Veni, Vidi, Vici”. One must wonder, did he, indeed?
