SFO begins prosecution of £60 million property fraud

fraud-cheques

The UK Serious Fraud Office (SFO) began its prosecution of property and shipping businessman Achilleas Kallakis on September 29 at Southwark Crown Court in London, where he faces charges of defrauding Allied Irish Banks and Bank of Scotland in a scam that lost the banks £60 million. Kallakis and co-defendant Alexander Williams have been charged with 23 counts of conspiracy to defraud, forgery, fraud by false representation, money laundering and obtaining a money transfer by deception. T