Nadir back to business of clearing name

The wealthy businessman and his wife Nur, spent their first night in the luxury house in Mayfair in London where he must live under stringent bail conditions, emerging just before 10am yesterday looking confident and relaxed.

Nadir smiled for the photographers waiting outside the house, which is reportedly costing him 20,000 a month to rent, before being escorted by his bodyguards to a waiting car. The tycoon was expected to meet his lawyers, who include leading criminal defence barrister William Clegg QC, before a case management hearing at the Old Bailey scheduled for next Friday.

Nadir was facing 66 counts of theft relating to the collapse of his Polly Peck empire when he fled the UK in May 1993. He flew back from Northern Cyprus on Thursday.

Under the terms of his 250,000 bail, the 69-year-old businessman must hand over his newly-issued UK passport, wear an electronic tag and report weekly to a local police station.