Maxwell brothers on new fraud charges
The sons of the late media tycoon appeared at the City of London Magistrates' Court for the last time before their case is transferred to the Crown Court next week.
Conditional bail was granted to all six, set at pounds 500,000 for Kevin and pounds 250,000 for Ian. One defendant, Michael Stoney, the former finance director of Mirror Group Newspapers, did not appear yesterday as the magistrates had agreed he could go on holiday. He was granted bail in a surety of pounds 50,000.
Kevin Maxwell had five charges added to his existing three while Ian had two charges added to his one. The late Robert Maxwell's name appeared in connection with eight of the 10 charges on the indictment.
One new charge alleges that Kevin Maxwell conspired with his father to defraud pension schemes managed by Bishopsgate Investment Management of millions of shares worth about pounds 102m.
Another new charge is that Kevin, Ian, the former Maxwell finance director Robert Bunn and group treasurer Albert Fuller conspired with Robert Maxwell to defraud Bayerische Vereinsbank of a pounds 25m loan by falsely claiming the Mirror Group owned shares offered as security.
A third is that both brothers conspired with the Maxwell adviser Larry Trachtenberg and Mr Bunn to defraud BIM of Teva Pharmaceutical Industries shares worth about dollars 35m, which were pledged to National Westminster Bank as collateral for a loan to Maxwell's Mirror Group after his death in November 1991.
- 1 Apple has installed security backdoors on 600m iPhones and iPads, claims security researcher
- 2 Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
- 4 Is Gideon Levy the most hated man in Israel or just the most heroic?
Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
Israel-Gaza conflict: Deadly flechette shells 'used by Israeli military in Gaza Strip’
Malaysia Airlines MH17 crash: Blogger captures footage ‘showing BUK missile launcher that shot down jet’ now back in Russia
Peaches Geldof inquest: Tragic final moments of socialite's life reveal she "lied" to husband about failed drugs tests
Israel-Gaza conflict: The myth of Hamas’s human shields
Malaysia Airlines flight MH17 crash: 'Nine Britons, 23 Americans and 80 children' feared dead after Boeing passenger jet is 'shot down' near Ukraine-Russia border
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
iJobs Money & Business
£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...
£35000 - £40000 Per Annum plus 23 days holiday and pension scheme: Clearwater ...
£475 - £525 per day: Orgtel: Test Lead, London, Investment Banking, Technical ...
£380 - £480 per day: Orgtel: Business Analyst - Banking - Edinburgh - £380 - ...