SFO makes further Torex raids
Serious Fraud Office conducts second round of dawn raids, as Torex probe escalates
Torex Retail, the embattled software group, has been subjected to further
raids as the Serious Fraud
Office steps up its investigation into the group.
Two homes, in Gloucestershire and Warwickshire, and one office in Banbury
have been raided by the SFO and
City of London
The raids follow similar operations conducted in January. Torex has also been
suspended from trading on AIM for alleged accounting irregularities.
yesterday that chairman Chris Moore had resigned from the board with immediate
effect. Chief executive Neil Mitchell has also stepped down, but remains on the