Two charged over Allied Irish and BoS fraud

At Allied Irish, dodgy loans for a number of UK investment properties made between 2003 and 2008 led to losses of £56m. It was found the guarantees of certain lease payments on the properties by a blue chip investment grade company were fraudulent. At BoS, a fraud shipping loan made in 2008 caused losses of around £5m. London men Achilleas Kallakis, formerly known as Stefanos Kollakis, and Alexander Williams, formerly Martin Lewis, have each been charged with two counts of conspiracy to defraud and 13 counts of forgery. Other joint charges include five counts of fraud by false ...