Legal
UK Charges Five With Fraud Over Axiom Ince Collapse
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The UK’s fraud cops charged five with fraud, forgery and destruction of documents over the collapse of law firm Axiom Ince.
The defunct firm’s chief executive officer Pragnesh Modhwadia, his co-director Shyam Mistry and the chief financial officer Muhammad Ali were each charged with fraud over allegations they misused more than £60 million ($75.2 million) of client money.