22 October, 2020 | Case Updates
The SFO has today charged Vahid Alaghband with three fraud offences in relation to the activities of Balli Group Plc and Balli Steel Plc, taking the number of those charged in the investigation to five.
Vahid Alaghband is 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 and one count of conspiracy to defraud the Development Bank of Singapore Limited. The SFO brings these charges shortly after charging Nasser Alaghband, David Spriddell, Louise Worsell, and Melis Erda with various fraud offences in relation to the activities of Balli Group Plc and Balli Steel Plc.
Vahid Alaghband appeared at Westminster Magistrates’ Court today, Thursday 22 October 2020. He will make his first appearance at Southwark Crown Court alongside Nasser Alaghband, David Spriddell, Louise Worsell, and Melis Erda on Tuesday, 27 October 2020.
As this is an active case, the SFO can provide no further comment.
Notes to editors:
a. Vahid Alaghband: Steptoe & Johnson UK LLP
b. Nasser Alaghband: K&L Gates LLP
c. David Spriddell: Jonas Roy Bloom
d. Louise Worsell: Blackfords LLP
e. Melis Erda: WilmerHale
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