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27 Aug 2010
Polly Peck administrators don't expect to become embroiled in the return of Asil Nadir to UK shores.
PwC's Tony Kett, joint administrator of Polly Peck International, said Nadir's return was not expected to have any direct implications for the administration.
"The administrators do not anticipate having any involvement with his criminal prosecution which is an entirely separate matter from the administration proceedings".
Kett expects a final dividend will be paid to creditors during the course of 2011.
Administrators from Coopers & Lybrand and its incorporated insolvency practice Cork Gully were appointed in October 1990 to Polly Peck. The collapsed business had around £1.2bn in debts at the time.
Two administrators, Richard Stone and Michael Jordan, were found guilty of misconduct by the ICAEW over conflicts of interest issues.
Further reading:
Administrator confirms Crystal Palace's exit from administration
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