The SFO, supported by City of London police officers swooped on two
residential addresses in Oxfordshire and another in Warwickshire. The raids came
after the company was forced to suspend its shares on the AIM index as it issued
a profit warning to shareholders.
There have been no arrests made as yet, the SFO said but the news will come
as scant consolation to the company after delayed contracts problems saw Torex’s
borrowing at year-end rise £23m higher than expected.
The company is the subject of an ongoing investigation by the London Stock
Exchange following its share suspension, and is believed to have approached
KPMG to carry out an
independent review of its books.
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"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy