The former executive chairman of JJB Sports forged a bank statement to hide a loan of �1.5m, a jury has heard. Retail mogul Sir David Jones, 71, from Ilkley, West Yorkshire, is on trial for making false market statements and using a false instrument.
Prosecutor Miranda Moore QC said Jones lied about the cash to the board of JJB Sports and, as a result, the company put out misleading statements at a time when they were trying to raise �100m on the stock market.
The trial of a former executive chairman of the now-defunct JJB Sports chain, who was accused of forging a bank statement to disguise the fact he had borrowed �1.5 million, has been abandoned due to his ill health.
Miranda Moore QC, prosecuting, said Jones lied about both loans to the board of JJB Sports and, as a result, the company put out misleading statements at a time when it was trying to raise �100million on the financial markets.