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

Category: Newspaper & Media Reports

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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