Torex director jailed for £1.6million fraud (From Oxford Mail): "FORMER director of an Oxfordshire company has been jailed for his part in a £1.6m fraud.
Edwin Dayan was given a 12-month sentence at Oxford Crown Court yesterday after putting non-existent revenue through the accounts of Witney firm Torex Retail in 2006.
His former colleague Christopher Ford was given a sixth-month jail term, suspended for two years, and ordered to carry out 200 hours’ unpaid work.
Following a two-month trial, both men were convicted by jurors last month of conspiracy to defraud.
Torex Retail, which employed more than 100 people in Witney and Banbury, collapsed in 2007 but Judge Patrick Eccles stressed this had nothing to do with the two men’s actions."
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