Police raid homes in Torex fraud case
Homes raided as SFO investigation gets under way
Two Oxfordshire homes and one in Warwickshire have been raided by the police
as part of a fraud investigation into software company
Torex.
The Serious Fraud Office said it had
searched three properties over the last two days working with
the City of London Police.
Torex was founded by businessman Chris Moore in Stonesfield, near Witney. It
employs 65 people at its headquarters in Range Road, Witney, and 53 workers in
Banbury.
Last week Torex suspended trading in its shares ‘pending clarification’ of
its financial position.
Further reading:
Torex woes deepen as fraud office launches probe
Torex books may come under KPMG spotlight
Torex set to lose finance chief