The Serious Fraud Office has abandoned its investigation into the Mayfair property tycoon Vincent Tchenguiz 15 months after investigators raided his home and offices using a flawed search warrant as part of the SFO's biggest inquiry in almost a decade.
The move comes after the agency admitted in February that its original warrant in relation to Vincent Tchenguiz had been "inadvertently miscast" and should be quashed. A parallel inquiry continues into suspected corruption involving Vincent's brother Robert Tchenguiz and senior figures at the now-failed Icelandic bank Kaupthing.
See also the report on Government-online :
"In an unusual step this review [by the SFO] was made public last month during a judicial review of the SFO’s actions brought by the brothers. The judgment is still awaited."