22 August 2012
Last updated at 11:09 GMT
During the trial Asil Nadir insisted he was simply moving money between his companies
The judge has told the jury to continue deliberating on two remaining counts.
Polly Peck International, once a major UK company, collapsed in 1990 after a Serious Fraud Office investigation.
Nadir fled the UK in 1993, while awaiting trial, and remained a fugitive in northern Cyprus until 2010 when he suddenly returned. The Turkish-controlled territory is not recognised as a state and has no extradition treaty with the UK.
In the witness box at his trial he claimed he did not believe he would get a fair trial in the early 1990s but had decided to return to clear his name.
The charges Nadir has been convicted of are:
Asil Nadir convicted of more Polly Peck thefts
During the trial Asil Nadir insisted he was simply moving money between his companies
Former
tycoon Asil Nadir has been found guilty of six more charges involving
the theft of millions of pounds from his Polly Peck empire.
An Old Bailey jury has now convicted Nadir, 71, of nine
thefts from the former conglomerate totalling £28.5m and cleared him of
two charges. The judge has told the jury to continue deliberating on two remaining counts.
Polly Peck International, once a major UK company, collapsed in 1990 after a Serious Fraud Office investigation.
Nadir fled the UK in 1993, while awaiting trial, and remained a fugitive in northern Cyprus until 2010 when he suddenly returned. The Turkish-controlled territory is not recognised as a state and has no extradition treaty with the UK.
In the witness box at his trial he claimed he did not believe he would get a fair trial in the early 1990s but had decided to return to clear his name.
The charges Nadir has been convicted of are:
- Stealing £1.3m from PPI to pay for PPI shares in June 1989
- Stealing £1m from PPI to pay for antiques in December 1989
- Stealing £3.25m from PPI in March 1990 and placing it in 19 different end destinations
- Stealing £5.15m from PPI for the purchase of shares to prop up the company in August 1987
- Stealing £5m from PPI to buy shares in the Gunaydin newspaper group in Turkey in July 1988
- Stealing £1.3m from PPI to buy shares in November 1988
- Stealing £2.6m from PPI to pay for shares in travel company Noble Raredon in March 1989
- Stealing £4m from PPI to invest in his investment trust which held shares in PPI in June 1989
- Stealing £5m from PPI for various personal uses in August 1990.
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