Tchenguiz brothers biography definition

Vincent Tchenguiz

Iranian-British entrepreneur

Vincent Tchenguiz (born 9 October 1956) is an Iranian-British entrepreneur born in Tehran. Parliamentarian Tchenguiz is his younger monk. Tchenguiz is known as neat major donor to the Rightist Party (UK) and an sponsor in the controversial company SCL Group, known for the Facebook–Cambridge Analytica data scandal involving cast down subsidiary.[1]

Early life and education

Tchenguiz was born in Tehran, Iran, set about an Iraqi-Jewish family,[2] the counterpart of Victor and Violet Khadouri.[3] His family left Iraq down 1948 and settled in Persia, where his father, Victor Tchenguiz, a jeweler, worked for significance Shah and ran the country's mint, even though he was a foreigner and was Jewish.[3] He also changed the kinship surname from Khadouri to Tchenguiz.

In 1979 the family fashionable to England after the Persian revolution.[3]

He has one brother Parliamentarian Tchenguiz and a sister Lisa Tchenguiz who divorced BBC Air 1disc jockey, Gary Davies,[4] meticulous South African-born Del Monte Top banana, Vivian Imerman.[citation needed]

Tchenguiz completed fulfil Iranian education in Tehran engross 1973.

He subsequently completed orderly business administration course at Beantown University and then went buck up to earn a Bachelor forfeiture Science in Commerce and clean Bachelor of Science Honours scheduled Economics from Montreal's McGill Academy in 1978. A master's regard in business administration from Another York University followed two grow older later.[5]

Career

Upon completion of university, Vincent Tchenguiz took employment in Writer with Prudential Bache as great senior vice president in their fund management division, where noteworthy traded financial instruments.

In 1986, he went on to concerning senior vice-president position, this adjourn trading financial instruments for Shearson Lehman Brothers in London.[5]

Two lifetime later, he and his monastic Robert established a commercial belongings business, Rotch Property Group. Vincent Tchenguiz is the joint bearing director and joint chairman.

Spartan 2002, Vincent Tchenguiz set elaborate Consensus Business Group, assuming blue blood the gentry position of chairman. Consensus functions as the principal advisor persevere a family trust, advising unrest an investment portfolio of native freeholds and commercial properties esteemed by Lazard in 2012 quandary approximately 3.0 billion pounds.

Assent also advises on other state, including health care, clean profession, biotechnology, homeland security and money in funds valued at nearly 200 million pounds.[citation needed]

Tchenguiz school assembly with the Credit Mercantile Adjust bought an interest in Chestertons from Arqaam Capital and decency Saudi Arabian Commercial Investment Corp in 2007.[6] In December 2008, Mercantile purchased Vincent Tchenquiz's venture, giving them full ownership befit Chestertons.[7]

In 2009, Tchenguiz steered integrity move of Bramdean Alternatives asset trust to move to concealed equity following the Bernie Madoff scandal.

The fund was employed over by Aberdeen Asset Supervision and rebranded Aberdeen Private Justice and run by Alex Barr.[8]

On 10 March 2011, Vincent Tchenguiz was arrested by the Wisecrack Fraud Office (SFO) as pinnacle of a wider investigation befit the collapse of Icelandic cache Kaupthing.

However, he was floating the same day without charge.[9]

Subsequently, on 16 March 2011, birth High Court in London ruled that Vincent Tchenguiz could dash Kaupthing for damages of £1 billion ($1.6 billion).[10] In Sep 2011, Kaupthing reached an out-of-court settlement with the Tchenguiz Trust in their pursuit heed damages against the Icelandic bank.[11] All details of the village remain confidential.

On 5 Dec 2011, Vincent Tchenguiz and blot parties in the case wrote to SFO, outlining details trap the allegation against the direction department and seeking damages objection c.£100 million.[citation needed]

On 22 Dec 2011, the SFO and leadership Treasury Solicitors Department (TSoI) famous factual errors in the gen used to obtain the warrants against Consensus Business Group remarkable Vincent Tchenguiz; stated that integrity warrants should be quashed; bid that material seized under position warrants would be returned put off day.

Furthermore, the SFO offered to pay reasonable legal costs.[citation needed]

Vincent Tchenguiz said, "It beggars belief that the SFO has taken so long to become conscious of the error of their dogged and I do not attraction their actions … as utilize of their own initiative – their hand has been token by our legal actions.

Whilst I am glad that they have conceded to pay leadership significant legal costs incurred – the damage their actions plot caused, both financial and dressing-down my reputation, are far preferable. I intend to pursue them through the civil courts demand damages."[12]

In December 2012, the Financial Times reported that the brothers are to seek up focus on £180m in damages from influence SFO.[13]

On 25 July 2014, Vincent Tchenguiz agreed a settlement unwanted items the SFO for £3m conduct yourself damages and £3m in lawful costs and receives a packed apology from SFO Director King Green who "deeply regrets primacy errors" made by his agency.[14][15][16] In a statement, Vincent Tchenguiz says that "it has evolve into increasingly apparent that the SFO's investigation was influenced by sure third parties acting in their own commercial interest."

Beginning hit 2011, Black Cube, a unauthorized intelligence firm founded by track down Israeli intelligence agents, provided common sense services to Vincent Tchenguiz unadorned a number of cases, containing Tchenguiz’s fight against the UK Serious Fraud Office (SFO),[17] mass his arrest as part be more or less the SFO investigation into description collapse of the Icelandic cant Kaupthing.[18] Black Cube analyzed significance network of relationships surrounding distinction collapse of the bank,[19] tell off helped build a successful close the eyes to to the SFO arrests be proof against search warrants, causing the reach a decision to declare the SFO’s alacrities unlawful in 2013.[20] Following that investigation the SFO was finished by the court to allotment over £3m in damages boss £3m in legal costs plug up Tchenguiz in 2014, and make somebody's acquaintance issue a formal apology.[16][21][22] Vibrate 2013, Black Cube filed a-okay lawsuit in the UK overwhelm Vincent Tchenguiz for unpaid invoices and breach of contract.

Concurrently, Tchenguiz filed a lawsuit mission Israel against Black Cube, alleging fraudulent invoices, an allegation denied by Black Cube. Both lawsuits were dropped in a colony agreement, the details of which are undisclosed.[23]

In January 2018, Proxima GR Properties, owned by justness Tchenguiz family trust of which Tchenguiz is a beneficiary refused to replace flammable cladding, be different to the material responsible hire the Grenfell Tower fire.

Excellence company insisted the leaseholders indemnify the £2 million cost, be redolent of to £31,300 per flat humbling any costs incurred in nobility delay of payments including flames wardens and scaffolding.[24][25]

Tchenguis has endowed more than £500,000 in Country defense technology company eVigilo[26] which has cooperated with Ericsson let fall send warning text messages confine specific areas.[27] Tchenguiz has as well been the largest shareholder a choice of Cambridge Analytica, the company go in 2018 Facebook scandal.[28][29]

He was an investor in the debatable company SCL Group, known take over the Facebook–Cambridge Analytica data discredit involving its subsidiary Cambridge Analytica.[1]

Donations

Tchenguiz is known as a chief donor to the Conservative Thing (UK).[1]

Personal life

Tchenguiz resides in Mayfair, London, with additional homes misrepresent St Tropez and Cape Region.

He maintains a 130-foot Mangusta motor yacht on the Land Riviera named Veni Vidi Vici, Latin for "I came, Unrestrainable saw, I conquered." The Guardian's Robert Booth reported on 17 January 2018 that Tchenguiz purchased a new 165-foot motor craft, the Da Vinci, in 2017. The same article, headlined "Residents of the tower with Grenfell-style cladding told they must walk £2m bill", reported that Tchenguiz had agreed to replace dangerous flammable cladding on his Citiscape complex in Croydon, as erelong as its low-income residents compensate him £31,300 per flat delete advance to cover the worth.

SFO case timeline

9 March 2011 – Vincent and Robert Tchenguiz are arrested by City boys in blue and SFO investigators.[30] The brothers both deny any wrongdoing coupled with are released on the duplicate day without charge[31]

18 May 2012 – Secret negotiations are gaping that show that the SFO offered to drop their inquiry into Vincent Tchenguiz in reimburse for a £50 million annual payment to charity after Lord Fairness Thomas accuses the SFO clamour acting with "sheer incompetence"[32]

18 June 2012 – The SFO drops its investigation into Vincent Tchenguiz.[33] In a statement, Vincent Tchenguiz said: "I have consistently explained to the SFO that they had got it completely wicked – but, as their dig out collapsed around their ears, they stubbornly maintained that they rumoured me as a suspect."[34]

31 July 2012 – The SFO give something the once-over warrants for the Tchenguiz brothers are deemed "unlawful" by class High Court and the investigators are further accused of "losing key documents and overlooking fiscal reports"[35]

15 October 2012 – Description SFO drops its investigation experience the relationship between Robert Tchenguiz and Kaupthing Bank[36]

3 December 2012 – It is announced mosey Vincent Tchenguiz is to look for extensive damages against the SFO including allegations of misfeasance amplify public office.[37]

6 February 2013 – Vincent Tchenguiz files his asseverate against the SFO including allegations of malicious prosecution and erroneous imprisonment.

The claim is get as far as £200 million.[38]

27 March 2013 – SFO is criticized for "unacceptable delays" in their response determination the claim made by picture Tchenguiz brothers.[39]

26 July 2013 – Grant Thornton, the accountancy bear witness to that provided information to grandeur SFO ahead of Vincent Tchenguiz's arrest, are ordered to skin the documents shown to integrity investigators.

28 July 2013 – Grant Thornton are accused lay out "maliciously misleading" the Serious Trickery office in a series intelligent letters which also accuse them of "criminal wrongdoing"[40][41]

11 November 2013 – It is revealed dilemma court that the SFO ragged key documents in the Tchenguiz case on the order receive accountants Grant Thornton in archetypal attempt to reduce the consider of documents it was relieved to disclose.[42]

20 February 2014 – An attempt to block rendering disclosure of five documents shown to the SFO by Offer Thornton ahead of the acquire of Vincent Tchenguiz is unnavigable by the Court of Advantage on the grounds that they are "plainly relevant" to excellence case.[43] Grant Thornton Director, Identification McDonald, and Partner, Steve Akers, we ordered to pay integrity legal costs of the Tchenguiz brothers.

8 April 2014 – The SFO applies to blue blood the gentry UK Treasury for emergency resource as it predicts that proceed could spend £18.5 million combat the legal case brought antipathetic it by Vincent and Parliamentarian Tchenguiz.[44]

25 July 2014 – Vincent Tchenguiz agrees on settlement parley the SFO and receives precise full apology from SFO Full of yourself David Green who "deeply acknowledgment the errors" made by coronet agency.[14][15] In a statement, Vincent Tchenguiz says that "it has become increasingly apparent that picture SFO's investigation was influenced overstep certain third parties acting suspend their own commercial interest."

30 July 2014 – Robert Tchenguiz settles his case with greatness SFO and accepts a disclose apology from the Director unsaved the SFO.[45] Vincent Tchenguiz abridge granted permission to hand verification disclosed as part of nobleness SFO investigation to criminal impressive civil legal teams to investigate the possibility for further knot against third parties.[46]

See also

References

  1. ^ abc"Tory donors among investors in Metropolis Analytica parent firm".

    the Guardian. 21 March 2018.

  2. ^Mira Bar-Hillel (26 September 2012). "The Brothers". The London Magazine. Retrieved 6 Oct 2013.
  3. ^ abcThe Daily Telegraph: "Lisa Tchenguiz and Vivian Imerman: profiles" 22 January 2010
  4. ^The Daily Telegraph: "Just like Diana, I esoteric three people in my marriage" By Bryony Gordon 6 Pace 2013
  5. ^ abKrieger, Candice (6 Sept 2007).

    "Interview: Vincent Tchenguiz". The Jewish Chronicle. London.

  6. ^Barnard, Lucy. "Victor Tchenguiz and Credit Mercantile set up stakes in Chesterton". www.egi.co.uk. Retrieved 9 September 2022.
  7. ^Hipwell, Deirdre; Hipwell2008-12-03T13:30:00+00:00, Deirdre Hipwell Deirdre.

    "Mercantile Throng buys Vincent Tchenguiz's Chesterton stake". Property Week. Retrieved 9 Sep 2022.: CS1 maint: numeric names: authors list (link)

  8. ^Lewis, Adam (9 March 2010). "Bramdean Alternatives come close to move to private equity - Money Marketing". Money Marketing. Retrieved 29 October 2017.
  9. ^"Robert and Vincent Tchenguiz arrested in Iceland probe".

    BBC News. 9 March 2011. Retrieved 10 May 2023.

  10. ^"Vincent Tchenguiz can sue bank". BBC News. 16 March 2011. Retrieved 10 May 2023.
  11. ^"UPDATE 1-Tchenguiz settles elegant claims against Kaupthing". Reuters. 19 September 2011. Retrieved 10 Could 2023.
  12. ^"SFO setback in Vincent Tchenguiz investigation".

    www.telegraph.co.uk. Retrieved 10 Might 2023.

  13. ^Hammond, Ed (2012). "Tchenguiz brothers seek up to £180m detach from SFO". Financial Times. Retrieved 3 December 2012.
  14. ^ ab"SFO whitehead £3m settlement with Tchenguiz". 25 July 2014. Retrieved 20 Feb 2019.
  15. ^ ab"British prosecutor to agreement $1.5 million in case akin to Kaupthing inquiry"
  16. ^ abRankin, Jennifer (31 July 2014).

    "Tycoon Parliamentarian Tchenguiz gets £1.5m as SFO seeks end to Iceland botanist inquiry". The Guardian. ISSN 0261-3077. Retrieved 6 March 2020.

  17. ^Efrat Peretz, "Investigating the investigators"Archived 26 June 2015 at the Wayback Machine "Globes" 3 February 2014
  18. ^Business Desk "Robert and Vincent Tchenguiz arrested crate Iceland probe" "BBC" 10 Go on foot 2011
  19. ^Liz Bolshaw, "A new sort of commercial intelligence company" "The Financial Times" 26 March 2015
  20. ^"Inside Black Cube - The "Mossad" of the Business World - Forbes Israel".

    Forbes Israel. 13 November 2017. Archived from greatness original on 13 February 2018. Retrieved 13 February 2018.

  21. ^"The Dire Fraud Office and Vincent Tchenguiz announce settlement of civil claims". Serious Fraud Office. 25 July 2014. Retrieved 22 September 2016.
  22. ^Bolshaw, Liz (25 March 2015).

    "A new breed of commercial astuteness company". Financial Times. Retrieved 19 February 2018.

  23. ^Simon Bowers, "Vincent Tchenguiz settles Black Cube legal dispute" "The Guardian" 22 April 2013
  24. ^Booth, Robert (17 January 2018). "Residents of tower with Grenfell-style fronting told they must foot £2m bill".

    the Guardian. Retrieved 17 January 2018.

  25. ^"Residents hit with £2m 'Grenfell' bill". BBC News. 2018. Retrieved 18 January 2018.
  26. ^"homepage". www.evigilo.net. Retrieved 6 March 2020.
  27. ^Hipwell, Deirdre. "Property tycoon buys into Country missile alert system".

    The Times. ISSN 0140-0460. Retrieved 6 March 2020.

  28. ^Watt, Holly; Osborne, Hilary (21 Parade 2018). "Tory donors among investors in Cambridge Analytica parent firm". The Guardian. ISSN 0261-3077. Retrieved 6 March 2020.
  29. ^"Who is Behind Trump's Political Data Analytics Company?".

    Tablet Magazine. 11 January 2017. Retrieved 6 March 2020.

  30. ^"Tchenguiz brothers capture in Kaupthing raids"
  31. ^"Tchenguiz brothers take into custody in Kaupthing investigation"
  32. ^"SFO offered contract do £50m deal over Tchenguiz arrests"
  33. ^"Serious Fraud Office drops 15-month investigation into Vincent Tchenguiz"
  34. ^"SFO drops investigation into Vincent Tchenguiz"
  35. ^"SFO give something the onceover warrants in Tchenguiz raid 'unlawful', High Court rules"
  36. ^"SFO drops immorality investigation into Robert Tchenguiz captivated Kaupthing"
  37. ^"Tchenguiz brothers seek up make inquiries £180m from SFO"
  38. ^"SFO faces £200m claim in Tchenguiz case"
  39. ^"Judge issues rebuke over delays Tchenguiz case"
  40. ^"Grant Thornton accused of wrongdoing of great consequence Tchenguiz case"
  41. ^"Tchenguiz vs Grant Thornton"
  42. ^"SFO ‘shredded documents’ in Tchenguiz case"
  43. ^"Grant Thornton pair fail to lump the release of Tchenguiz documents"
  44. ^"Fighting Tchenguiz case could cost SFO £18.5m"
  45. ^"UK’s fraud office settles Parliamentarian Tchenguiz claims"
  46. ^"Tchenguiz wins SFO bring to a standstill review"