UK - Six people charged with conspiracy to steal nearly £3m from the CW Cheney & Son pension fund appeared before Birmingham Crown Court yesterday.
The case was referred to the Crown Court after a hearing last Friday at Birmingham Magistrates' Court, where all six were granted unconditional bail.
The six defendants - Trevor Farrell, Adrienne Morris, Cassius Powell, Altaf Sayed, Ian Selby and Kevin Sykes - are charged with conspiring together and with others unknown to steal £2.9m belonging to the CW Cheney pension fund in the account of Britannic Asset Management.
The case was referred by the Occupational Pensions Regulatory Authority and accepted by the Serious Fraud Office in December 2000.
The investigation was undertaken in collaboration with the West Midlands Police.
CW Cheney & Son was a Birmingham-based lock-making firm.