Fugitive tycoon Asil Nadir has arrived at the Old Bailey for his first court appearance on fraud and theft charges.

The businessman, who has evaded trial since 1993, flew back from Cyprus to face fraud charges relating to the collapse of his Polly Peck empire.

A provisional trial date is expected to be fixed at the hearing and a bail surety of £250,000 has been paid.

It is alleged Mr Nadir, 69, secretly transferred £34m out of his company, leading to its collapse.