Jump to Main ContentJump to Primary Navigation

Tchenguiz brothers arrested in bank probe

Entrepreneurs Robert and Vincent Tchenguiz were among nine people arrested over the collapse of Icelandic bank Kaupthing

    Robert and Vincent Tchenguiz
    Robert and Vincent Tchenguiz

    The Iranian Jewish property entrepreneurs Robert and Vincent Tchenguiz were among nine people arrested today in connection with the collapse of Icelandic banking giant Kaupthing.

    Robert and Vincent Tchenguiz were arrested early this morning and are being questioned by police in central London.

    Robert Tchenguiz was a director and key borrower of Kaupthing until it failed during Iceland’s financial collapse in 2008. He was thought to owe up to £1.72 billion when it collapsed.
    Kaupthing last year became the subject of a Serious Fraud Office probe regarding alleged manipulation of the markets.

    The brothers’ vast business portfolios, said to have been significantly reduced by the financial crisis, previously included holdings in Sainsbury’s, and stakes in restaurant and pub groups Slug & Lettuce and Mitchells & Butlers.

    In 2009 Vincent Tchenguiz was accused of mismanaging his retirement homes firm the Consensus Business Group by overcharging pensioners for rent and services.

    The brothers grew up in Iran after their family was forced to flee Iraq after Israel was created. They are known for their philanthropy as donors to charities including the Hadassah Hospital in Jerusalem.

    A spokesman for Vincent Tchenguiz told The Telegraph that he expected the pair would remain in police custody until later tonight when the arrest warrant ran out.

Special Reports

Dublin benefits from overseas aid

Barry Toberman

Sunday, January 8, 2017

Dublin benefits from overseas aid
Uk News

Luciana Berger troll driven by 'fierce antisemitism'

JC Reporter

Monday, December 5, 2016

Luciana Berger troll driven by 'fierce antisemitism'
Uk News

UJS presidential candidate abused for pro-BDS s...

Daniel Sugarman

Thursday, December 1, 2016

UJS presidential candidate abused for pro-BDS s...
Uk News

Limmud: Food for thought at session on 'ethical eating'

By Simon Rocker

Tuesday, December 27, 2016

Limmud: Food for thought at session on 'ethical eating'
Uk News

Local MP blocks visit from David Irving's 'secret tour'

Rosa Doherty

Friday, December 2, 2016

Local MP blocks visit from David Irving's 'secret tour'
Uk News

CST urges Rudd to ban neo-Nazi group

Lee Harpin

Thursday, December 1, 2016

CST urges Rudd to ban neo-Nazi group
Uk News

Commission criticised over inquiry into 'antisemitic' charity

Daniel Sugarman

Monday, December 5, 2016

Commission criticised over inquiry into 'antisemitic' charity
Uk News

Fawlty Towers star Andrew Sachs dies aged 86

JC Reporter

Friday, December 2, 2016

Fawlty Towers star Andrew Sachs dies aged 86
Uk News

Genetic testing charity plans screening rise

Rosa Doherty

Thursday, December 1, 2016

Genetic testing charity plans screening rise