|
|
06 May 2011
ANOTHER SENIOR accountant has been charged with offences relating to the collapse of Torex Retail.
Mark Woodbridge, who was group financial accountant at Torex Retail, has been charged with false accounting and conspiracy to defraud.
Further reading
Robert Loosemore, former chairman of Torex Retail, has also been charged with the offences. Legal director Nigel Horn has been charged with conspiracy to defraud.
The alleged offences took place between May 2006 and January 2007, said the Serious Fraud Office.
Earlier this year, former Torex subsidiary FD Christopher Ford was convicted of defrauding shareholders.
Torex collapsed after an accounting black hole was discovered. The SFO began investigating the company in January 2007, soon after Torex's shares on AIM were suspended after issuing a profit warning.
The investigation is linked with the historic business, not the ongoing Torex Retail Holdings.
For more company and markets data visit the Share Price Centre
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment