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
Preview redux: Microsoft ships new Windows 10 build with 7,000 changes
Latest bleeding-edge bits borrow Action Center from Windows Phone
Google opens Inbox – email for people too thick to handle email
Print this article out and give it to someone tech-y if you get stuck
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
UNIX greybeards threaten Debian fork over systemd plan
'Veteran Unix Admins' fear desktop emphasis is betraying open source
Entity Framework goes 'code first' as Microsoft pulls visual design tool
Visual Studio database diagramming's out the window
Google+ goes TITSUP. But WHO knew? How long? Anyone ... Hello ...
Wobbly Gmail, Contacts, Calendar on the other hand ...
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Redmond top man Satya Nadella: 'Microsoft LOVES Linux'
Open-source 'love' fairly runneth over at cloud event
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.