Guardian 22 May 12: SFO may decide to drop Tchenguiz case

The new boss of the Serious Fraud Office has promised to consider dropping an investigation into Mayfair property tycoon Vincent Tchenguiz, who alongside his brother Robert is a suspect in a corruption and fraud investigation into the UK affairs of Icelandic bank Kaupthing before its failure three and a half years ago.

The unprecedented public pledge by SFO director David Green QC to conduct an "urgent review" was made in a letter sent on the eve of a judicial review brought by the brothers at the high court in London, which started on Tuesday.Green only took charge of the embattled agency last month.

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