The Upcoming
  • Culture
    • Art
    • Cinema
      • Movie reviews
      • Film festivals
    • Food & Drinks
      • News & Features
      • Restaurant & bar reviews
      • Interviews & Recipes
    • Literature
    • Music
      • Live music
    • Theatre
    • Shows & On demand
  • Fashion & Lifestyle
    • Accessories
    • Beauty
    • News & Features
    • Shopping & Trends
    • Tips & How-tos
    • Fashion weeks
  • What’s On
    • Art exhibitions
    • Theatre shows
  • Tickets
  • Join us
    • Editorial unit
    • Our writers
    • Join the team
    • Join the mailing list
    • Support us
    • Contact us
  • Interviews
  • Competitions
  • Special events
    • Film festivals
      • Berlin
      • Tribeca
      • Sundance London
      • Cannes
      • Locarno
      • Venice
      • London
      • Toronto
    • Fashion weeks
      • London Fashion Week
      • New York Fashion Week
      • Milan Fashion Week
      • Paris Fashion Week
      • Haute Couture
      • London Fashion Week Men’s
  • Facebook

  • Twitter

  • Instagram

  • YouTube

  • RSS

Current affairs

Former boss of Next and JJB charged with forgery‏

Former boss of Next and JJB charged with forgery‏
9 February 2013
Patrick Corby
Avatar
Patrick Corby
9 February 2013

The UK Serious Fraud Office (SFO) has charged the former chairman of JJB Sports Plc, Sir David Jones, and his son, Stuart Mark Jones, with three accounts of fraud.

David Jones, executive chairman of the company between 2009 and 2010, has been charged with one account of serious fraud of a serious instrument, and two accounts of misleading statements to company investors in 2009.

His son, head of marketing at the company in 2009, has been charged with one account of aiding and abetting his father’s fraudulent information.

The case involves fraud against a sum of £1 million which was loaned to JJB Sports from Sports Direct – the company’s main rival. Due to these conflicts of interests, the share price of JJB fell 25% in July 2009.

At the time, David Jones gave a statement to the market investors saying that the loan “was initiated before Sir David joined the company as a non-executive director” and “has not given and does not give rise to any conflict of interest”.

David Jones was the businessman in charge of Next from 1988 to 2006 and was responsible for its stock market value rising from £25 million to almost £4 billion in that time.

Both Jones and his son have been released on unconditional bail to appear in court in April.

David Jones’ activity came to light on further “review of material obtained” through current charges brought against former chief executive Chris Ronnie, explained the SFO.

Mr Ronnie faces five fraud charges for failing to disclose interest rate contracts, falsifying documents and money laundering.

Mr Ronnie will appear in court in September with David Ball, the joint beneficiary and accountant of Fashion and Sport Limited, JJB’s main supplier.

Mr Ball is charged with three offences of falsifying information and both he and Mr Ronnie are also on unconditional bail.

The charges have now developed into a case that includes some of the biggest names in the retail sector.

Patrick Corby

Related Items

More in Current Affairs

Changes to expect during menopause

The editorial unit
Read More

Nek brings Italian pop rock to the Shepherd’s Bush Empire

The editorial unit
Read More

Why Equity Linked Savings Schemes is a preferred tax saving?

The editorial unit
Read More

How the world’s top designers would rebrand political parties

The editorial unit
Read More

Royal baby furore: Proof that the British monarchy is still popular?

Eoin O’Sullivan-Harris
Read More

World Mental Health Day 2018: Raising awareness and combating stigma

The editorial unit
Read More

Seven political personalities you should know about

The editorial unit
Read More

Donald Trump: An enemy of the arts?

The editorial unit
Read More

Trump’s fortune: Where did the money come from?

The editorial unit
Read More
Scroll for more
Tap
  • Popular

  • Latest

  • TOP PICKS

  • Female filmmakers lead nominees for the London Critics’ Circle Film Awards
    Cinema
  • An interview with Ifrah Ismael: Tales from the Front Line and other stories
    Theatre
  • Persian Lessons
    ★★★★★
    Cinema
  • Jeremiah Fraites – Piano Piano
    ★★★★★
    Album review
  • Lonely the Brave – The Hope List
    ★★★★★
    Album review
  • Identifying Features
    ★★★★★
    Cinema
  • 23 Walks
    ★★★★★
    Cinema
  • Live Lab at The Yard Theatre: An interview with associate director Cheryl Gallagher
    Theatre
  • We Still Fax at ANTS Theatre Online
    ★★★★★
    Theatre
  • We Ask These Questions of Everybody: An interview with Amble Skuse and Toria Banks
    Theatre
  • Identifying Features
    ★★★★★
    Cinema
  • We Still Fax at ANTS Theatre Online
    ★★★★★
    Theatre
  • WandaVision: Marvel’s charming sitcom proves an astounding success
    ★★★★★
    Cinema
  • The Queen’s Gambit: A chess story that’s not about the moves but the motives
    ★★★★★
    Cinema
  • Undercover at Morpheus Show Online
    ★★★★★
    Theatre
The Upcoming
Pages
  • Contact us
  • Join mailing list
  • Join us
  • Our London food map
  • Our writers
  • Support us
  • What, when, why

Copyright © 2011-2020 FL Media

Insomnia: The dream of that perfect night’s sleep
Associated British Foods caught in Zambia tax avoidance