Richard Carr, aged 51, and William Jeffrey, aged 48, today appeared in Solihull Magistrates Court charged with offences contrary to Section 19 of the Theft Act 1968 and Section 389A(2) of the Companies Act 1985. They were released on conditional bail.
This follows an investigation by the Serious Fraud Office in collaboration with the West Midlands Police into the affairs of Transtec plc, which commenced on 27 May 2002 following a referral of the case by the Department of Trade & Industry.
Notes for editors:
The Serious Fraud Office is a government department. It is headed by the Director (Robert Wardle) who exercises powers under the superintendence of the Attorney General. These powers are derived from the Criminal Justice Act (1987).
The role of the SFO is to investigate and prosecute cases of alleged fraud that are considered to be large or complex in nature; cases that are deemed to require the combined legal and investigative case management methods, resources and powers of the SFO. The police contribute to the investigation as part of the case team.
Transtec Plc went into liquidation 29 December 1999.
SFO Press Office tel: 020 7239 7001/7000 (out of hours mobile: 0781 807 6688)
