On day 4 of the trial, Robert Tchenguiz and the other Claimants have abandoned all claims against Grant Thornton in t long-running litigation which the Claimants commenced in August 2015. In the claims, which have been widely reported in the press, Mr Tchenguiz and associated Claimant companies allege that two Grant Thornton partners had conspired with a member of Kaupthing bank’s resolution committee in order to bring about Mr Tchenguiz’s arrest by the Serious Fraud Office in March 2011.

These very serious allegations were wholly denied by the Defendants, who contended that they had been made without any evidential foundation and were an abuse of process…