🚨 Today we have charged five men, including two solicitors following the collapse of the law firm Axiom Ince and alleged improper use of over £60 million of client money 🚨
The firm’s CEO and director Pragnesh Modhwadia is charged alongside co-director Shyam Mistry and Chief Financial Officer Muhammad Ali with two counts of fraud by abuse of position. They are alleged to have misused client funds and exposed thousands of the firm’s clients to losses.
Modhwadia and Mistry are also charged, alongside the firm’s Chief Technology Officer Rupesh Karawadra and Vice President of IT Jayesh Anjaria, with conspiring to conceal, destroy or dispose of documents relevant to a Solicitors Regulation Authority (SRA) investigation into the firm. All five are also charged with conspiring to mislead the SRA using false documents.
The SFO’s investigation was opened 15 months ago and is one of its fastest to result in criminal charges.
See our Head of Fraud and Corruption Jason Williams talk about this important step in our case here 👇 Read More