Feeds

Fraud charges for 3 former Torex execs

Former chairman, accountant and legal director accused of dodgy dealings

Choosing a cloud hosting partner with confidence

The Serious Fraud Office (SFO) is charging three former executives of Torex Retail Plc with fraud offences.

The company came to the attention of investigators four years ago after a trading update in 2007 which claimed all was well was quickly followed by a profit warning. The SFO raided several properties as a result, and the company's chairman resigned.

The SFO said it was charging three men in relation to offences carried out as Torex went into administration in 2007.

Robert William Loosemore, 45, from Oxfordshire, Mark Gavin Woodbridge, 40, of Warwickshire and Nigel David Horn, 56, from Gloucestershire are all charged with conspiracy to defraud. Loosemore and Woodbridge were also charged with false accounting.

At the time of the alleged offences, Loosemore was the former company chairman, Woodbridge was group financial accountant and Horn was legal director.

The hearing will begin 13 May at Banbury Magistrates Court.

But the SFO said its investigations were continuing and it expects to make a further announcement on 9 May.

The SFO stressed that the investigation was centred on Torex Retail Plc's historic – and now liquidated – business, and not the continuing business of Torex Retail Holdings Limited.

The SFO's full statement on Torex Retail is here. ®

Internet Security Threat Report 2014

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Whistling Google: PLEASE! Brussels can only hurt Europe, not us
And Commish is VERY pro-Google. Why should we worry?
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.