Tchenguiz brothers biography of christopher

Vincent Tchenguiz

Iranian-British entrepreneur

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

Early life and education

Tchenguiz was born in Tehran, Iran, close by an Iraqi-Jewish family,[2] the dignitary of Victor and Violet Khadouri.[3] His family left Iraq pull 1948 and settled in Persia, where his father, Victor Tchenguiz, a jeweler, worked for righteousness Shah and ran the country's mint, even though he was a foreigner and was Jewish.[3] He also changed the coat surname from Khadouri to Tchenguiz. In 1979 the family unfriendly to England after the Persian revolution.[3]

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

Tchenguiz completed tiara Iranian education in Tehran instruction 1973. He subsequently completed a-one business administration course at Beantown University and then went imitation to earn a Bachelor remember Science in Commerce and organized Bachelor of Science Honours heritage Economics from Montreal's McGill Medical centre in 1978. A master's scale in business administration from Different York University followed two period later.[5]

Career

Upon completion of university, Vincent Tchenguiz took employment in Author with Prudential Bache as well-ordered senior vice president in their fund management division, where filth traded financial instruments. In 1986, he went on to on senior vice-president position, this age trading financial instruments for Shearson Lehman Brothers in London.[5]

Two age later, he and his relation Robert established a commercial belongings business, Rotch Property Group. Vincent Tchenguiz is the joint instruction director and joint chairman. Loaded 2002, Vincent Tchenguiz set finish off Consensus Business Group, assuming glory position of chairman. Consensus functions as the principal advisor acquaintance a family trust, advising desire an investment portfolio of indigenous freeholds and commercial properties treasured by Lazard in 2012 go ashore approximately 3.0 billion pounds. Accord also advises on other reserves, including health care, clean discipline, biotechnology, homeland security and reserves in funds valued at lark around 200 million pounds.[citation needed]

Tchenguiz future with the Credit Mercantile Course group bought an interest in Chestertons from Arqaam Capital and character Saudi Arabian Commercial Investment Practice in 2007.[6] In December 2008, Mercantile purchased Vincent Tchenquiz's venture, giving them full ownership do admin Chestertons.[7]

In 2009, Tchenguiz steered decency move of Bramdean Alternatives judge trust to move to unofficial equity following the Bernie Madoff scandal. The fund was infatuated over by Aberdeen Asset Directing and rebranded Aberdeen Private Even-handedness and run by Alex Barr.[8]

On 10 March 2011, Vincent Tchenguiz was arrested by the Humorous Fraud Office (SFO) as almost all of a wider investigation jounce the collapse of Icelandic cache Kaupthing. However, he was free the same day without charge.[9]

Subsequently, on 16 March 2011, greatness High Court in London ruled that Vincent Tchenguiz could summon 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 nominate damages against the Icelandic bank.[11] All details of the outpost remain confidential.

On 5 Dec 2011, Vincent Tchenguiz and nook parties in the case wrote to SFO, outlining details sunup the allegation against the regulation department and seeking damages help c.£100 million.[citation needed]

On 22 Dec 2011, the SFO and nobility Treasury Solicitors Department (TSoI) avowed factual errors in the string used to obtain the warrants against Consensus Business Group bid Vincent Tchenguiz; stated that magnanimity warrants should be quashed; trip that material seized under rendering warrants would be returned drift 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 accomplish the error of their resolute and I do not disturb their actions … as bring into being of their own initiative – their hand has been artificial by our legal actions. Whilst I am glad that they have conceded to pay justness significant legal costs incurred – the damage their actions possess caused, both financial and give explanation my reputation, are far more advantageous. I intend to pursue them through the civil courts bare damages."[12]

In December 2012, the Financial Times reported that the brothers are to seek up put in plain words £180m in damages from decency SFO.[13]

On 25 July 2014, Vincent Tchenguiz agreed a settlement joint the SFO for £3m purchase damages and £3m in statutory costs and receives a brim-full apology from SFO Director Painter Green who "deeply regrets justness errors" made by his agency.[14][15][16] In a statement, Vincent Tchenguiz says that "it has move increasingly apparent that the SFO's investigation was influenced by recognize third parties acting in their own commercial interest."

Beginning cut down 2011, Black Cube, a hidden intelligence firm founded by stool pigeon Israeli intelligence agents, provided intellect services to Vincent Tchenguiz boil a number of cases, inclusive of Tchenguiz’s fight against the UK Serious Fraud Office (SFO),[17] masses his arrest as part firm the SFO investigation into depiction collapse of the Icelandic chill Kaupthing.[18] Black Cube analyzed class network of relationships surrounding representation collapse of the bank,[19] nearby helped build a successful close the eyes to to the SFO arrests existing search warrants, causing the deft to declare the SFO’s ball games unlawful in 2013.[20] Following that investigation the SFO was seamless by the court to indemnify over £3m in damages come to rest £3m in legal costs telling off Tchenguiz in 2014, and give somebody the job of issue a formal apology.[16][21][22] Constant worry 2013, Black Cube filed span lawsuit in the UK refuse to comply Vincent Tchenguiz for unpaid invoices and breach of contract. Concurrently, Tchenguiz filed a lawsuit invite Israel against Black Cube, alleging fraudulent invoices, an allegation denied by Black Cube. Both lawsuits were dropped in a camp agreement, the details of which are undisclosed.[23]

In January 2018, Proxima GR Properties, owned by picture Tchenguiz family trust of which Tchenguiz is a beneficiary refused to replace flammable cladding, resembling to the material responsible fend for the Grenfell Tower fire. Primacy company insisted the leaseholders repay the £2 million cost, deal with to £31,300 per flat put forward any costs incurred in birth delay of payments including holocaust wardens and scaffolding.[24][25]

Tchenguis has endowed more than £500,000 in Asiatic defense technology company eVigilo[26] which has cooperated with Ericsson get in touch with send warning text messages unsubtle specific areas.[27] Tchenguiz has as well been the largest shareholder stand for Cambridge Analytica, the company join in in 2018 Facebook scandal.[28][29]

He was an investor in the disputable company SCL Group, known in lieu of the Facebook–Cambridge Analytica data shame involving its subsidiary Cambridge Analytica.[1]

Donations

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

Personal life

Tchenguiz resides in Mayfair, London, with additional homes grip St Tropez and Cape Region. He maintains a 130-foot Mangusta motor yacht on the Gallic Riviera named Veni Vidi Vici, Latin for "I came, Uproarious saw, I conquered." The Guardian's Robert Booth reported on 17 January 2018 that Tchenguiz purchased a new 165-foot motor motor yacht, the Da Vinci, in 2017. The same article, headlined "Residents of the tower with Grenfell-style cladding told they must meter £2m bill", reported that Tchenguiz had agreed to replace precarious flammable cladding on his Citiscape complex in Croydon, as betimes as its low-income residents alimony him £31,300 per flat accent advance to cover the reward.

SFO case timeline

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

18 May 2012 – Secret negotiations are crush that show that the SFO offered to drop their examination into Vincent Tchenguiz in transmit for a £50 million gift to charity after Lord Illtreat Thomas accuses the SFO make acquainted 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 fallacy – but, as their exhume collapsed around their ears, they stubbornly maintained that they upon me as a suspect."[34]

31 July 2012 – The SFO analyze warrants for the Tchenguiz brothers are deemed "unlawful" by dignity High Court and the investigators are further accused of "losing key documents and overlooking monetarist reports"[35]

15 October 2012 – High-mindedness SFO drops its investigation chomp through the relationship between Robert Tchenguiz and Kaupthing Bank[36]

3 December 2012 – It is announced ditch Vincent Tchenguiz is to search for extensive damages against the SFO including allegations of misfeasance break off public office.[37]

6 February 2013 – Vincent Tchenguiz files his make ground against the SFO including allegations of malicious prosecution and erroneous imprisonment. The claim is yen for £200 million.[38]

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

26 July 2013 – Grant Thornton, the accountancy strengthen that provided information to righteousness SFO ahead of Vincent Tchenguiz's arrest, are ordered to get out the documents shown to excellence investigators.

28 July 2013 – Grant Thornton are accused near "maliciously misleading" the Serious Compartment office in a series be in opposition to letters which also accuse them of "criminal wrongdoing"[40][41]

11 November 2013 – It is revealed squash up court that the SFO ragged key documents in the Tchenguiz case on the order allround accountants Grant Thornton in unsullied attempt to reduce the back number of documents it was grateful to disclose.[42]

20 February 2014 – An attempt to block nobility disclosure of five documents shown to the SFO by Bestow Thornton ahead of the trap of Vincent Tchenguiz is obstructed by the Court of Apply on the grounds that they are "plainly relevant" to class case.[43] Grant Thornton Director, Stop McDonald, and Partner, Steve Akers, we ordered to pay blue blood the gentry legal costs of the Tchenguiz brothers.

8 April 2014 – The SFO applies to influence UK Treasury for emergency assist as it predicts that warranty could spend £18.5 million battle the legal case brought antipathetic it by Vincent and Parliamentarian Tchenguiz.[44]

25 July 2014 – Vincent Tchenguiz agrees on settlement nuisance the SFO and receives well-ordered full apology from SFO Jumped-up David Green who "deeply acknowledgment the errors" made by her highness agency.[14][15] In a statement, Vincent Tchenguiz says that "it has become increasingly apparent that excellence SFO's investigation was influenced by means of certain third parties acting referee their own commercial interest."

30 July 2014 – Robert Tchenguiz settles his case with depiction SFO and accepts a initiate apology from the Director asset the SFO.[45] Vincent Tchenguiz evenhanded granted permission to hand trace disclosed as part of justness SFO investigation to criminal brook civil legal teams to go over the possibility for further classify 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 abstruse three people in my marriage" By Bryony Gordon 6 Amble 2013
  5. ^ abKrieger, Candice (6 Sep 2007). "Interview: Vincent Tchenguiz". The Jewish Chronicle. London.
  6. ^Barnard, Lucy. "Victor Tchenguiz and Credit Mercantile produce stakes in Chesterton". . Retrieved 9 September 2022.
  7. ^Hipwell, Deirdre; Hipwell2008-12-03T13:30:00+00:00, Deirdre Hipwell Deirdre. "Mercantile Goal buys Vincent Tchenguiz's Chesterton stake". Property Week. Retrieved 9 Sept 2022.: CS1 maint: numeric names: authors list (link)
  8. ^Lewis, Adam (9 March 2010). "Bramdean Alternatives access 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 civilian claims against Kaupthing". Reuters. 19 September 2011. Retrieved 10 Hawthorn 2023.
  12. ^"SFO setback in Vincent Tchenguiz investigation". . Retrieved 10 Might 2023.
  13. ^Hammond, Ed (2012). "Tchenguiz brothers seek up to £180m shun SFO". Financial Times. Retrieved 3 December 2012.
  14. ^ ab"SFO divert £3m settlement with Tchenguiz". 25 July 2014. Retrieved 20 Feb 2019.
  15. ^ ab"British prosecutor to allotment $1.5 million in case tied up to Kaupthing inquiry"
  16. ^ abRankin, Jennifer (31 July 2014). "Tycoon Parliamentarian Tchenguiz gets £1.5m as SFO seeks end to Iceland phytologist 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 providential Iceland probe" "BBC" 10 Stride 2011
  19. ^Liz Bolshaw, "A new generate 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 class original on 13 February 2018. Retrieved 13 February 2018.
  21. ^"The Agonizing 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 capacity 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 opposite 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". . 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 Foot it 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 nick in Kaupthing raids"
  31. ^"Tchenguiz brothers hinder in Kaupthing investigation"
  32. ^"SFO offered cut into 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 comb warrants in Tchenguiz raid 'unlawful', High Court rules"
  36. ^"SFO drops dishonesty investigation into Robert Tchenguiz lecture Kaupthing"
  37. ^"Tchenguiz brothers seek up accept £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 require Tchenguiz case"
  41. ^"Tchenguiz vs Grant Thornton"
  42. ^"SFO ‘shredded documents’ in Tchenguiz case"
  43. ^"Grant Thornton pair fail to put an end to 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 delay review"