Tchenguiz property firm hit by £43m loss | Mail Online
Vincent Tchenguiz, the property tycoon who was arrested last week in connection with a probe into the collapse of Icelandic bank Kaupthing, has been dealt a further blow.
Latest accounts for one of his main businesses shows it plunged to a pre-tax loss of £43m in 2010 after writing down a number of loans.
Vincos, which is a service company that pays salaries and rent on buildings owned by the Tchenguiz Family Trust, has been forced to take a hit on a £31.9m loan made to a connected company called Aztec Acquisitions.
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