Polly Pecking again?

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
23/03/2008 14:26

Quotation from Private Eye



Turkish Cypriot fugitive Asil Nadir may not be able to travel outside his northern Cyprus enclave,but the former Mr Polly Peck,still has no shortage of political and business friends.

Earlier this month, he was reported to be closely involved in a deal to reopen Lefkonico/Gecitkale airport which has been privatised as a proposed cargo hub. A 15 year

Euro 1.5m pa lease has been signed by a British Company Cyprus Aviation Services. Local media reports describe CAS as being owned or represented by Nadir, who was present at the signing ceremony.

Despite admitting" Nothing happens in northern Cyprus witout Asil Nadir being involved" CAS Director David Millham says, Nadir is "not involved in the company" and "has no role to play"

It seems Nadir sees things differently. But then who would finance a Nadir company-CAS which has as yet to produce any accounts, has to get the airport fit for commercial operations- after the Polly Peck fraud, is open to question.

Meanwhile Nadir is said to be active in developing some sites in the Karpas peninsular, which used to be owned by Polly Peck, in association with-Israeli based investors.



Now given what was overheard in a North Cyprus bank, when an architect was overheard to be saying that money was flooding into Northern Cyprus, and he was, working on 13 leisure projects, and that Gecitkale airport was to be opened to charter flights, in the near future, it does make you think, that something is going on!



Once a successful buisnessman, always a successful buisnessman, comes to mind!



wynyardman

tansycat


Joined: 09/02/2007
Posts: 50

Message Posted:
23/03/2008 18:17

perhaps when a solution is reachead he will be lifted .......

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
23/03/2008 20:42

I have also been told that this particular airport will be open for charter flights this year.The runway is actually bigger then Ercan,but will need money ploughing into it,

Regards,

Paul.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
23/03/2008 20:57

In the past Asil Nadir gave employment to many people in TRNC. I hope he succeeds again.

ismet

tansycat


Joined: 09/02/2007
Posts: 50

Message Posted:
24/03/2008 13:52

employment should be created honestly ................

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
24/03/2008 14:08

If you remember Gecitkale was used for all flights to and from the TRNC for nearly two years back in 2001-2002

simbas



Joined: 16/07/2007
Posts: 5943

Message Posted:
24/03/2008 14:17

thats right , we used gecitkale many many times

ukturk



Joined: 01/09/2007
Posts: 1974

Message Posted:
24/03/2008 14:19

hi guys

it is true about asil nadir is in partnership to open the airport and it is actually much more bigger than ercan, and ismet is 100% true he has provided a lot of work and jobs to the local economy and i take my hat off to him he did not have to invest into north cyprus

tansycat of course he did rip off a lot of people with his polly peck empire and you say employment should be created honestly do you really think that all british employers and big companies are honest!!!!! belive you me england would not wont him back for the pure fact he holds so much scadalous info on many politicans if he did ever go back many politicans would be in turmoil most politicans still hold seats in parliment and how do you think he fled the u.k back in the day he had help from the government at the time to get out otherwise he would have brought down the government with all his info and remember he and his company were one of the biggest conservative party funds sponsers and they know where he is he is not hiding if they wanted him so badly they would have gone and got him north cyprus being reconised or not my last comments dont always belive the hype the media always portray cos it is most of the time bull

regards

ukturk

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
24/03/2008 14:43

Hi Erkan hope you are well,as i said in an earlier post i was actually told this information a few weeks ago,but was asked not to broadcast it until it came out.What do you think the chances are of the airport actually opening for passenger flights.



You are correct about gecitkale being bigger the runway actually measures 9,350 ft x 147 ft,compared to ercan which measures 9,038 ft x147 ft,

Paul.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
24/03/2008 14:56

Ukturk,



Your thread was very informative. It is a fact that he was never found guilty(OK he did a runner before they got him in front of a judge) however I seem to recall that his secretary (of

of many years) swore that he was not guilty of the offences charged, and he had been set up by vested interests) and consequently he would not have got a fair trial.

A lot of powerful people lost a lot of money on Polly Peck PLC.



I am with Ismet on this one. Clearly he has the ability and foresight, let him use those talents to create employment in The TRNC, if he can!



I dont know about investing in any of his enterprises though!!!



wynyardman

tansycat


Joined: 09/02/2007
Posts: 50

Message Posted:
24/03/2008 15:03

ukturk i am well aware of political and economic reality my comments still stand just because we know what goes on does not mean we condone it ..... best wishes ..

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
24/03/2008 15:09

Just a thought!



Does anyone know where Cyprus Aviation Services get their funding. Apparently it is a UK company..........but there wouldnt be any US Dollars in there somewhere. It would certainly

be a useful asset to Uncle Sam, if hostilites intensified in that neck of the woods! (9,350 feet

runway.) Hmmm!



It would be nice to have regular charter flights from the UK in the meantime. How about a few from NORTH EAST ENGLAND for a change.!



wynyardman

ukturk



Joined: 01/09/2007
Posts: 1974

Message Posted:
24/03/2008 16:44

hi guys

this airport has been biggest well known kept secrets, and i personally think it will open eventually cos the north needs two airports especially if charter flights do start coming into north cyprus and this airport has been used before in the past

wyny thanks for your comments asil was probabley one of the most influencial buisnessmen of the 80's and you are right a lot of powerfull men lost lots of money!!!!

tansnycat you are entitled to your view and you are right about condoning people who rip of the common person off but sorry to say this happens in normal day life i.e robert maxwell taking the pensions of all them hard working people all them fat cat directors of big buisness who rip off the common person all the time, but at least with asil he is turning a negative in to a postive and in my eyes if you have taken that dodgy road at least try and get some good out of it

warm regards to you all

ukturk

hattikins


Joined: 17/02/2008
Posts: 2793

Message Posted:
24/03/2008 18:46

With regard to Asil Nadir I think you would be hard pushed to find a Turkish Cypriot who thinks badly of him, he has helped many people, with medical bills and the like, and is very well thought of. I doubt if any of us know what really went on with Polly Peck but if a ' Lord of the Realm' such as Geoffrey Archer can move forward after serving a jail sentence then surely someone who was never convicted of any crime can do the same, and at least he,s prepared to look after his own countrymen.



Hattikins

panhandler


Joined: 14/10/2007
Posts: 74

Message Posted:
24/03/2008 18:59

Well said ukturk

'Market forces' my freind.



Polly Peck was a well regarded and established multi -national once apon a time, Asil was a ruthless business man but then most sucssesful ones are.

Just after the Northern Rock was nationalised here in the UK , several well regarded city brokers where accused of manipulating and down grading the stock of a very well known national bank in a market already in turmoil, the idea was to instigate a potential buyout by several serious investors, planned without any though for the crumbling market place and the far reaching consequences of recession , but based on a desire to make a fast buck in the gloom and doom, luckily somebody caught on !

Power brokers are the same everywhere, they didnt get there money by playing Mr Nice guy !. they pay PR experts to do that for them

Regards

Pan

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
24/03/2008 19:04

Hats off to the guy.Anyone who has the balls and foresight to put money in toa project such as this gets my vote.Give the guy a chance, we all make mistakes,



Regards,

Paul.

lovingcyprus


Joined: 02/03/2007
Posts: 1272

Message Posted:
24/03/2008 20:12

Asil Nadir ripped people off!!!!!!!!!!!!!



Take a look at Northern Rock lots of people lost loads off money much more than anyone ever lost through Polly Peck.



Also look at Railtrack again many people lost loads of money.



I don't see anyone from Northern Rock or Railtrack being held to account.

McSteviet



Joined: 11/05/2007
Posts: 1089

Message Posted:
24/03/2008 20:15

People lost money in Railtrack, because of this Labour Government, not because of anything Railtrack did or didn't do.



The Government wanted Railtrack under Government control, so they Ripped off ALL of the shareholders and TOOK it back, through the back door.



MC

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
24/03/2008 20:43

Now wouldn't that be great John Teesside to Gecitkale for £150.00 return?



Avril

Dusterbruce


Joined: 03/08/2007
Posts: 1125

Message Posted:
24/03/2008 20:44

If my memory serves me correctly, the Polly Peck collapse was caused in part by people believing Greek Cypriot propaganda. I seem to remember an EU ban on North Cyprus fruit being engineered by the south.

elko2



Joined: 24/07/2007
Posts: 4400

Message Posted:
24/03/2008 21:03

Msg. 20

EU Ban came with the decision of European Court of Justice. Britain tried desperately to warn the government of TRNC under Eroglou and Denktash at the time but they did not take the court case seriously and did not even bother to defend the case. Tht ban was not the success of the Greek Cypriots, it was the abissmal failure of the Turkish Cypriot government.

ismet

dobbo



Joined: 13/06/2007
Posts: 72

Message Posted:
24/03/2008 21:23

I have read that a British company is going to develop Gecitkale airport into a cargo

hub. Apparently the first foreign company to invest directly into TRNC!

THOMAS


Joined: 27/01/2008
Posts: 28

Message Posted:
25/03/2008 09:28

The british tax payer already owned RAILTRACK and all associated railway companies so i have no sympathy for anybody who got their fingers burnt on something that was already owned by the masses.MAGGIE wouldnt privatise the railways coz she knew she couldnt guarantee the profits to the city parasites and as you may well know the privatised railways receive a lot more in subsidies now than British Rail ever did all paid for by the taxpayer

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
25/03/2008 10:19

Hi all,



Just hold on there!.I made it perfectly clear that I was quoting verbatim from PRIVATE EYE Magazine. I applauded Asil Nadir's business accumen. I welcomed the efforts of any businessman, who can create employment in The TRNC. I will applaud anyone who helps charities and helps with peoples medical bills.



I did point out many powerful people lost a lot of money on Polly Peck PLC. I also pointed out that it was rumoured that Asil Nadir was being stiched up by vested interests.



WHAT I WAS TRYING TO ESTABLISH WAS WHAT ARE THE RUMOURS BEHIND WHATS

GOING ON AT GECTIKALE AIRPORT, AND WHO IS BEHIND THEM. IT AFFECTS US ALL!!



INVESTING IN BUSINESS HAS ALWAYS BEEN A RISKY. You win and you lose!!!



Personally, I am behind AVRIL on this one!!



wynyardman

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
25/03/2008 10:43

For anyone interested in knowing what is going on at Gecitkale Airport, Paul Gibson wrote an excellent response on phhpbb3 Bulletin board. He seems to have chapter and verse on the inside story. Still much to be discovered of what is going on, and Mr Nadirs involvement.



wynyardman

TimothyCadman


Joined: 13/12/2007
Posts: 1040

Message Posted:
25/03/2008 11:46

Being a friend of Paul's, I've asked if I can post what he wrote on the other board here. He agreed.



FIRST POST



No rumours, just facts.



To sum up:

Gecitkale Airport is to become the cargo hub for North Cyprus. Under plans put forward by Cyprus Aviation Services Limited (CAS), Gecitkale would be a world standard facility. As well as cargo it is hoped that charter flights from all over the world will use the airport, and it will also offer aircraft maintenance facilities. CAS will construct a new terminal building and a 20,000m² dry store and 30,000m² refrigerated store. There will also a packing store built to EU standards on environmental awareness. The runway is to be lengthened by 650m to allow for bigger planes, including the Airbus A380 and Boeing 747 and Dreamliners.



CAS is run by James Beveridge, who is a UK national, has been in talks with the TRNC government for three and half years and has now secured a 15 year lease. They are the first foreign firm to invest in North Cyprus independent of Turkey, the EU or United Nations.50 million Euros will be invested in the first year and a further 70 million Euros earmarked of the life of the lease.



Initially hundred’s of jobs will be created with up to 10,000 expected over the coming years.



On hearing the news that Gecitkale would be a cargo hub the farmers and fruit growers could see new markets opening up and along with CAS, who has been negotiating with several UK supermarkets; as well as Middle East, African and Eastern Europe countries, for potential markets for TRNC produce. It is expected to see produce labelled TRNC for the first time. At the moment al produce that is exported goes via the south and is labelled as Cyprus.



With this investment it is estimated that the TRNC economy will benefit to around 158 million Euros after 6 years, which includes a 65 million Euro boost in tourism.



CAS also hopes to build an Aviation Centre with £500,000 earmarked for a dedicated training facility for aircraft maintenance and pilot training.





In response to other questions raised:



"What do you know about Asil Nadir of former Polly Peck PLC fame?"



About as much as the average person



"Does he own CAS?"



Well at this stage I don't know. Also other things don't add up. I can't find CAS listed in any 1st world country for accounts.



"Is he involved with the Company?"



Can't say no definitively to that. He was there at the ceremony and has helped in negotiating. He has given press interviews, so I'd say that in some capicity, yes he can be linked to CAS. As a Director or employee, your guess is as good as mine.

simbas



Joined: 16/07/2007
Posts: 5943

Message Posted:
25/03/2008 11:57

thanks for that , makes interesting read , ah if only !!!!!!!!! and at the same time clarifies a few things

regards , simbas

McSteviet



Joined: 11/05/2007
Posts: 1089

Message Posted:
25/03/2008 12:05

I met James Beveridge and his wife last year in the Colony Hotel and was working very hard to bring this about then, so it's actually taken a further year.



I say good luck to him and it's great that someone has the forethought to invest in TRNC, just as things might be changing politically!!



MC

paul90


Joined: 07/11/2007
Posts: 350

Message Posted:
25/03/2008 12:24

This link says that Nadir owns CAS:



http://www.brtk.cc/index.php/lang/en/cat/2/news/28630



Looks like the TRNC government is trying to rush this through ahead of any reunification to make sure the GCs do not get their hands on it.

It could be of enormous benefit to the TRNC if there is no reunification.

If there is reunification then the cargo hub could also serve the south.

But, I bet there will be complications along the way.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
25/03/2008 13:22

Thanks Paul90,



You seem to have provided the last link in this jigsaw.



Given this facility the ramifications for The TRNC are enormous.



It certainly provides a winning hand for the TRNC to take to the negotiating table.



It certainly will do no harm to people that have invested in and around The Karpas Peninsular.



It seems what I stated at the beginning ...... in respect......of...Asil Nadir......



Once a successful businessman always a successful businessman.



All we need to establish now.....Where is all the money coming from?



What is the strategic importance (if any) of this facility? Very long runway!



I can certainly see a solution to The Cyprus Problem now! any thoughts anyone?

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
25/03/2008 20:27

Wyn,

Things certainly seem to be taking a turn for the better,anything that would "create 10,000 jobs" has to be a good thing.I wonder how long it will be before our friends from accross the divide stick their oar in though.Lets hope it gets rushed through, although somehow i dont think so as nothing happens quickly in the trnc.

Paul.

wynyardman



Joined: 15/12/2007
Posts: 4580

Message Posted:
25/03/2008 20:56

Paul,



Have faith! (as my mother used to say)



I dont feel that you need faith this time!



As is often the case in this world (however distasteful) follow the money.



It is just a personal gut feeling, but i feel the TRNC economy, investors in the TRNC, and the



long suffering populace of the TRNC. that this time, your boat is coming in! Phew!



Mr Talat, and his Government, in my opinion, have come good, for their people!



(Dont lets forget Asil Nadir)



wynyardman

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
25/03/2008 21:04

Wyn,

Such optimism from you has to be admired,and like you say money does talk.Fingers crossed mate,

Paul.

McSteviet



Joined: 11/05/2007
Posts: 1089

Message Posted:
25/03/2008 22:28

Wyn,



I hope your right, but don't count the chickens.



MC