Serious Fraud Office in London charges men with Fraud

Britain’s Serious Fraud Office announced that it has indicted two men with fraud. Allied Irish Bank PLC and Bank of Scotland PLC were defrauded of approximately sixty million pounds or ninety five million US dollars.

Achilleas Kallakis who is formerly known as Sefanos Kollakis was granted conditional bail on March 1st after appearing in court. Alexander Williams who is also known as Martin Lewis was also granted conditional jail.

Mr. Kallakis and Mr. Williams were both charged with two counts of conspiracy to commit fraud. The men also were charged with thirteen counts of forgery, five counts of false representation, two counts of money laundering and one count of obtaining money via deception.

Officials at Allied Irish Bank PTC state that the allegations relate to loan made on property between 2003 and 2007 and that those loans resulted in a loss to the bank of approximately fifty six million pounds. Officials at the Bank of Scottland PTC state that the allegations are related to a shipping loan that was made that back in 2008 in which the bank lost over five million pounds.

Achilleas Kallakis is knows throughout London as a major player in the real estate scene.