Called to Account: August 2013

Closure for Woodbridge in Torex case and suspended sentence for Olympus chairman

Final conviction in Torex false accounting case

Mark Woodbridge, the former group financial accountant of software supplier Torex Retail, has been jailed for his part in a fraud where the company's accounts were manipulated to show healthy trading.

Woodbridge was sentenced to three years and 10 months' imprisonment, disqualified from acting as a company director for three years and ordered to pay costs of £170,000 within 12 months.

The trial marks the final stage in a Serious Fraud Office (SFO) fraud conspiracy prosecution against four former executives of Torex Retail, which was involved in the retail software sector for touch-screen tills.

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