Torex Retail bosses guilty of fraud
Thursday 20 January 2011
Two men have been found guilty of defrauding shareholders of the retail software company Torex Retail at Oxford Crown Court.
Edwin Dayan and Christopher Ford were both directors at XN Checkout Ltd, a subsidiary of Torex. The court was told that they created false invoices to give the impression in the parent company's accounts that Torex made an extra £1.65m in profits.
The Serious Fraud Office launched an investigation in 2007 after whistleblowers from the company came forward with information about alleged accounting irregularities.
The men will be sentenced on 18 February. The SFO said investigations continue into the wider collapse of Torex Retail, which is in liquidation.
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered
- 3 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 4 Now we know whose fault it is if you end up being murdered in Thailand
- 5 35,000 walrus gather ashore on north-west Alaska beach 'for a rest'
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Benefits 'smart cards' plan revealed by Iain Duncan Smith to stop claimants spending welfare money on alcohol
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...