30 July 2010 Last updated at 12:28 ET

Businessman facing 30 charges over alleged £115m fraud

A businessman has been charged with 30 fraud offences including running a bogus business, money laundering and obtaining money by deception.

Kautilya Nandan Pruthi, 39, was charged after City of London Police investigated a gang alleged to have cheated investors around the world.

The Crown Prosecution Service said he will appear on bail at City of London Magistrates' Court on 3 September.

The charges relate to his activities between August 2005 and June 2009.

Mr Pruthi is accused of participating in a fraudulent business, fraud, obtaining money by deception, unauthorised regulated activity and concealing criminal property.

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