Vincent Tchenguiz has got the court seal of approval for an independent review of documents disclosed by the Serious Fraud Office.
The businessman was granted an order by Mr Justice Eder to examine documents so that potential criminal and civil action can be considered against third parties that supplied information ahead of the SFO’s decision to launch the failed investigation into him.
The decision follows Tchenguiz settling damages with the SFO on 25 July and accepting £3m plus legal costs.
Damages and costs claims related to an investigation into the troubled Icelandic bank Kaupthing, which went under during the 2008 banking crisis. The controversial case brought by the SFO was quashed in 2012.
Tchenguiz, chairman of Consensus Business Group, said: “I have no doubt that the independent review by civil and criminal legal experts of the documentation, which was supplied to us throughout our now settled claim with the SFO, will determine the crucial role these third parties played in the SFO’s misguided decision to investigate me.”
His brother Robert will also explore pursuing third parties.
joanna.bourke@estatesgazette.com
