Former fugitive tycoon Asil Nadir has been jailed for 10 years for stealing millions from his business empire.

Polly Peck International collapsed owing £550 million in 1990 and Nadir went on the run for 17 years in 1993.

He returned to Britain in 2010, confident he would be cleared, but this week an Old Bailey jury found him guilty.

The court heard that the total stolen was £28.8 million, the equivalent of more than £61.6 million today.

The 71-year-old from Mayfair, central London, was sentenced for the 10 charges of theft between 1987 and 1990.

Judge Mr Justice Holroyde told Nadir: "You were a wealthy man, you stole out of greed."

A hearing will be held on September 27 to decide on Nadir paying compensation and interest to the administrators of PPI.

The judge will also have to decide on ordering him to pay prosecution costs of £2.5 million, and repaying his legal aid costs.

Nadir was ordered to provide details of his finances and assets under a Financial Circumstances Order before the hearing.

His wife, Nur Nadir, insists her husband is innocent, she said: "My husband is a warm and wonderful man, his business genius created a global company which brought jobs and prosperity to tens of thousands of people around the world."