Former Balli Steel Execs Deny UK Fraud Charges

By Richard Crump (September 13, 2021, 6:06 PM BST) -- Five former Balli Steel PLC executives pled not guilty at a London court on Monday to charges brought by the Serious Fraud Office over the collapse of the Anglo-Iranian steel trader.

The executives registered their pleas at Southwark Crown Court in response to charges, including conspiracy to defraud and fraudulent trading stemming from alleged fraudulent misrepresentations and false documents provided to banks to obtain letters of credit and trade finance to fund the purchase of steel by Balli between 2012 and 2013.

Nasser Alaghband, the former chief executive of Balli Steel PLC and Balli Group PLC, and finance director David Spriddell, each...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!