An independent investigation by the accountants' Joint Disciplinary Tribunal found that during 1988 Polly Peck made 24 separate payments to its subsidiaries in Turkey and northern Cyprus, totaling some £58m. The following year Polly Peck paid out £141m in 64 different deals. The report said that "Mr Nadir was able to initiate transfers of funds out of Peck's London bank accounts without question or challenge. Further ... he was able to conceal his actions until such time as the cumulative cash outflow became so great that the group was unable to meet its obligations to its bankers." In 1990, Polly Peck's board became so worried about the money transferred into Northern Cyprus that it confronted Mr Nadir and asked him to return it. He refused.