We aim to make this site as accessible as possible and therefore have provided the settings below to use if you are finding it difficult to view this website. See the SFO Accessibility Statement for more information.

Where it is appropriate to provide a Welsh translation, you can switch to Cymraeg. See the Welsh Language Commissioner website for more information.

Use the settings button in the bottom right corner of the page to access these settings again.

Change to normal text size A Change to medium text size A Change to large text size A Adjust Text Size

We would like to use Analytics Cookies on our website. 

Turn these on below if you are happy with us collecting information on how our site is used, in order for us to improve the overall experience of our website. 

All other cookies are necessary and therefore by continuing to browse this website, you are agreeing to the usage of these cookies.

 See the SFO Privacy Policy for more information. 

Analytics Cookies

Balli Group

On 29 September, the SFO charged four individuals with various fraud offences in relation to the activities of Balli Group Plc and Balli Steel Plc.

Nasser Alaghband and David Spriddell are each charged with two counts of fraudulent trading in the carrying on of the businesses of Balli Steel Plc and Balli Group Plc with the intent of defrauding creditors. Nasser Alaghband is additionally charged with six counts of conspiracy to defraud various financial institutions.

Two further individuals, Louise Worsell and Melis Erda, are each charged with one count of fraudulent trading in the carrying on of the businesses of Balli Steel Plc with the intent of defrauding creditors. Melis Erda is also charged with six counts of conspiracy to defraud various financial institutions, while Louise Worsell faces five counts of the same charge.

The individuals appeared at Westminster Magistrates’ Court on Tuesday, 29 September 2020, and are due to appear at Southwark Crown Court on Tuesday, 27 October 2020.

A further individual, Vahid Alaghband, is to appear at Westminster Magistrates’ Court on Thursday, 22 October, where the SFO intends to charge him two counts of fraudulent trading and one count of conspiracy to defraud.

As this is an active case, the SFO can provide no further comment.

Page published on 3 May 2017 | Page modified on 17 May 2021