BusinessCompany NewsEx-Torex chairman may be FSA’s iSoft witness

Ex-Torex chairman may be FSA's iSoft witness

FSA looking to call on Christopher Moore

The Financial Services Authority
investigation into accounting irregularities uncovered at iSoft, the NHS
software supplier could see Christopher Moore, the former chairman at
Torex Retail, being called as a
witness.

According
to The Times
, the City watchdog is working with the
Serious Fraud Office, which is conducting a separate inquiry into Torex Retail.

Torex retail was sold to Cerberus, the American private equity group, for
£204m.

The FSA began its inquiry into iSoft in July last year after it uncovered
accounting irregularities.

Moore is not a suspect in the FSA’s investigation, but is one of five
suspects in the SFO’s inquiry into Torex Retail, which suspended its shares in
late January after admitting revenue from some contracts to supply software had
been delayed.

Further reading:

iSoft bought by Australian group

iSoft’s former KPMG board member departs

iSoft director dismissed eight months after suspension

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