U.K. real estate investor Vincent Tchenguiz is talking to life insurance companies in an effort to restructure his 2 billion pounds ($3.3 billion) in property holdings, the Sunday Times said, without saying where it got the information.
Tchenguiz and his brother Robert were arrested this month as part of a fraud investigation into the collapse of Kaupthing Bank hf. Tchenguiz is seeking to channel cashflow from rents on his properties to a bond used to fund pension liabilities, the newspaper said.
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