Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Tchenguiz Sues SFO for $322 Million Over Kaupthing Raids

Dec. 3 (Bloomberg) -- Property entrepreneur Vincent Tchenguiz is suing the U.K. Serious Fraud Office for about 200 million pounds ($322 million) over illegal searches and seizures during an investigation into the collapse of Iceland’s Kaupthing Bank hf.

The SFO dropped its investigation into Vincent and his brother Robert last month, after a judge ruled its raids had been unlawful.

“My reputation suffered serious damage during the 15 months between my arrest and the SFO conceding that they had no grounds for holding me as a suspect,” Vincent said in an e-mailed statement.

A trial was scheduled for January 2014 following a hearing this morning at a London court, according to the statement. SFO spokeswoman Jina Roe declined to comment.

To contact the reporter on this story: Kit Chellel in London at

To contact the editor responsible for this story: Christopher Scinta at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.