Richard hughes zeus biography
Richard hughes zeus biography
Legal saga surrounding high-profile manchester financier.
Legal saga surrounding high-profile Manchester financier finally over
All proceedings against high profile financier Richard Hughes have now been dropped – according to a statement from his legal team.
It was revealed last May that criminal charges against the co-founder of Manchester based firm Zeus Capital had been dismissed.
And now it has emerged that there will be no further action from the Crown Prosecution Service.
Mr Hughes faced two charges of conspiracy to defraud and intent to defraud HM Revenue and Customs by making claims for capital loss relief.
The charges related to £134m investment schemes and came after a three-year investigation.
A trial was due to be held in Birmingham at the start of this year but was shelved after the charges were dropped.
Mr Hughes’ legal team has released a strongly worded statement following the news that no further action is to be taken.
Tom Handley, director of Chambers at Barristers’ Chambers, Exchange Chambers put together Richar