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Page last updated at 08:54 GMT, Friday, 22 June 2012 09:54 UK

Vincent Tchenguiz on dropped fraud case

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Vincent Tchenguiz and his brother are reputed to own 1% of Britain's property freeholds.

In March 2011, he was arrested in a dramatic - well-publicised - dawn raid in Mayfair, just before he was meant to fly out to the French Riviera to host a glamorous party on his 40 metre luxury yacht.

The Serious Fraud Office accused him of fraudulently obtaining a £100m loan from Icelandic Bank Kaupthing, which had gone bust.

This week, the case against him was dropped.

He gave a rare broadcast interview to Today presenter Evan Davis.


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