Norton men convicted of fraud

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A two-year investigation into the affairs of Norton, the motorcycle group, involving the Serious Fraud Office culminated yesterday in two men being convicted on fraud charges, writes Magnus Grimond.

Simon Fussell, chairman of Minty, a furniture group, and Rudolph De Mendonca, a former stockbroker with the firm of Whitefriars, were found guilty at Southwark Crown Court of conspiring to defraud Priest Marians Holdings. De Mendonca was also convicted of two forgery offences.

The charges involved a pounds 1m fraud and related to the sale of Exide House, in London's Shaftesbury Avenue in 1989. Fussell disguised the profit he was making on the sale by creating a fictitious individual, "Katie Chalus", said to be of Iranian origin.