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Tories urged to return Nadir money.

Summary: A former Conservative Party treasurer has called for donations from Asil Nadir's Polly Peck firm to be returned.

A former Conservative Party treasurer has called for donations from Asil Nadir's Polly Peck firm to be returned.

Lord McAlpine oversaw hundreds of thousands of pounds in donations from business empire, and has called on David Cameron to hand back the "tainted" money.

Lord McAlpine said the Prime Minister was under a "moral duty" to return the political gift after Nadir was jailed for 10 years.

The sentencing of Nadir, who donated Au440,000 to the Tories during the 1980s, came a day after he was convicted of stealing Au28.8 million from the global business he built from an east London textile company.

Urging the party to return the money, Lord McAlpine told The Daily Mail: "It is tainted money and it shames the Conservatives if they hang on to it. They have a moral duty to give it back."

He said the money should be paid to Nadir's creditors, some of whom lost their life savings when Polly Peck International (PPI) crashed leaving debts of Au550 million.

Nadir, who was once 36th on the Sunday Times Rich List, was found guilty of ten counts of theft from the Stock Exchange high performer between 1987 and 1990.

Independent Television News Limited 2011. All rights reserved.

Independent Television News Limited 2012. All rights reserved.

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Publication:Independent Television News Limited (ITN)
Date:Aug 24, 2012
Words:241
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