A Serious Fraud Office spokesperson said: The SFO has today offered no evidence against Victor Dahdaleh, having concluded that there is no longer a realistic prospect of conviction in this case. The SFO had previously obtained the conviction of a conspirator, Bruce Hall, who pleaded guilty to a charge of conspiracy to corrupt.
Saghir Ahmed Afzal has been sentenced today at Westminster Magistrates' Court to ten years' imprisonment for failure to pay a confiscation order. Saghir Afzal of Birmingham was originally sentenced in June 2011 to 13 years' imprisonment for a £49 million mortgage fraud.
Two former partners of Arck LLP, Kathryn Joy Clark (51) from Nottingham and Richard Aston Clay (48) from Leicestershire, have today been charged with fraud and forgery offences by the Serious Fraud Office and Nottinghamshire Police.