BusinessCompany NewsThree people in Torex raid named

Three people in Torex raid named

Company chairman and another director at centre of SFO investigation

Chris Moore, chairman of software firm
Torex Retail, Rob Loosemore, the
former Torex executive chairman and Mark Woodbridge, who is not a director of
the company, have been named as the three people who had their homes raided by
fraud squad investigators.

According to reports, the three men are at the centre of a
Serious Fraud Office investigation into
suspected accounting irregularities at the company.

All three had worked together when the business was part of the healthcare IT
specialist Torex.

Loosemore led the demerger in February 2004. Moore and Woodbridge were
briefly installed as chief executive and finance director respectively at
iSoft, a healthcare IT group with which
Torex had merged.

Further reading:

Torex ousts chief exec and chairman, as firms called in

Police raid homes in Torex fraud case

Torex woes deepen as fraud office launches probe

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