Tchenguiz claims £200m damages from SFO 

Vincent Tchenguiz and others are claiming around £200m in damages from the Serious Fraud Office. The damages  arise in relation to the unlawful entry search and seizures at the offices of Consensus Business Group and Vincent Tchenguiz home in March 2011 as well as the arrest and investigation connected to this. The BBC has previously reported that the annual budget for the SFO is just £33 million.

Vincent Tchenguiz, said: “My reputation suffered serious damage during the 15 months between my arrest and the SFO conceding that they had no grounds for holding me as a suspect.  Significant financial loss can be proved  to have occurred as a  result of the reckless actions of the former Director of the SFO.   I believe that the consequences of the former Director's actions - and those who solicited those actions - should not be suffered by the taxpayer alone.  I maintain that the intervention of third parties in this unlawful process warrants further assessment.”