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UK SFO Charges Mr Nasser Alaghaband & 3 More with Fraud at Balli Group & Balli Steel

Steel News - Published on Wed, 30 Sep 2020

Image Source: UK SFO Nasser Alaghaband Balli Steel
United Kingdom’s Seriou Fraud Office has charged four individuals with various fraud offences in relation to the activities of Balli Group Plc and Balli Steel Plc. Mr Nasser Alaghband and Mr David Spriddell are each charged with two counts of fraudulent trading in the carrying on of the businesses of Balli Steel Plc and Balli Group Plc with the intent of defrauding creditors. Nasser Alaghband is additionally charged with six counts of conspiracy to defraud various financial institutions. Two further individuals, Louise Worsell and Melis Erda, are each charged with one count of fraudulent trading in the carrying on of the businesses of Balli Steel Plc with the intent of defrauding creditors. Melis Erda is also charged with six counts of conspiracy to defraud various financial institutions, while Louise Worsell faces five counts of the same charge.

The individuals appeared at Westminster Magistrates’ Court on Tuesday, 29 September 2020, and are due to appear at Southwark Crown Court on Tuesday, 27 October 2020.

A further individual, Vahid Alaghband, is to appear at Westminster Magistrates’ Court on Thursday, 22 October, where the SFO intends to charge him two counts of fraudulent trading and one count of conspiracy to defraud.

Nasser Alaghaband (D.O.B 03/05/1961), Director of Balli Steel Plc and Balli Group Plc, is charged with two counts of fraudulent trading, contrary to section 993(1) of the Companies Act 2006 and six counts of conspiracy to defraud, contrary to common law.

David Spriddell (D.O.B 29/11/1961), Finance Director of Balli Steel Plc and Balli Group Plc, is charged with two counts of fraudulent trading, contrary to section 993(1) of the Companies Act 2006.

Louise Worsell (D.O.B 23/12/1954), member of the Balli Steel Plc Executive Committee, is charged with one count of fraudulent trading, contrary to section 993(1) of the Companies Act 2006 and five counts of conspiracy to defraud, contrary to common law.

Melis Erda (D.O.B 17/08/1966), Treasurer and member of the Balli Steel Plc Executive Committee, is charged with one count of fraudulent trading, contrary to section 993(1) of the Companies Act 2006 and six counts of conspiracy to defraud, contrary to common law.

The SFO announced its investigation into Balli Group on 3 May 2017.

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Posted By : Yogender Pancholi on Wed, 30 Sep 2020
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