It's about time that those who have the power to collapse the economies of an entire nation purely on a whim, answer for their monstrous arrogance and greed driven agendas. I can only hope that other like these "men" are found accountable for their crimes against humanity.
Living the high life of super yachts and model girlfriends, Robert and Vincent Tchenguiz's flamboyant and aggressive business reputation was also matched by their decadent lifestyle.
With a £4bn fortune to play with, they lived the playboy lifestyle, with beautiful women on their arms, and champagne flowing.
Robert dated model Caprice and was even romantically linked with Princess Diana, but settled with health guru Heather Bird, from whom he is separated.
However, the couple still occupy a property close to the Royal Albert Hall, while Vincent has a home close to the U.S embassy in Mayfair.
And property was Vincent's main focus as they built up their empire, the older of the two brothers at one stage owned or managed 300,000 homes.
The Tchenguiz brothers seemed to come from nowhere and were identified with the boom years leading up to the banking crash. They were in deal after deal.
But yesterday it all came crashing down as they were arrested by investigators probing the collapse of the Icelandic bank Kaupthing.The pair were held during simultaneous dawn raids in London and Reykjavik amid claims they withdrew vast sums of cash just days before the crisis broke. Even as police knocked on their doors yesterday morning they were preparing to stage a champagne party on their super-yacht at a prestigious trade fair in the south of France.
The high-rolling businessmen – once ranked among the richest in Britain – were questioned over the collapse of the Icelandic bank in October 2008. And now all eyes are on the Mipim property conference in Cannes to see if they will make an appearance.
The brothers built up their empire specialising in property and leisure that rode the crest of the boom wave.
Now Investigators at the Serious Fraud Office (SFO) want to know what happened immediately before the demise of Kaupthing.
Questions remain over how some were able to withdraw funds in the days before the bank’s catastrophic collapse
.
Investigators are also looking at why some clients were able to take large loans backed with minimal collateral and deferred interest payments. Among them is Robert, who borrowed around £1.25billiion which he used to buy stakes in Sainsbury and pub group Mitchells & Butlers. . .
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