SFO's prosecution of £60m property fraud begins

The SFO began its prosecution of property and shipping businessman Achilleas Kallakis and co-defendant Alexander Williams on September 29 at Southwark Crown Court. Both men have been charged with 21 counts of conspiracy to defraud, forgery, fraud by false representation, money laundering and obtaining a money transfer by deception, reported the Financial Times. They have also been accused of using forged documents, including letters from Credit Suisse, to mislead the banks about Kallakis' personal wealth and his associated businesses. One letter claimed the Kallakis family had more th...