Three charged in £50m fraud case by Berkshire police
Three men have been charged with loan fraud worth up to £50m, according to police in Berkshire.
Mark Entwistle, 45, from Windsor and Jonathon Gilbert, 42, from Penarth, South Wales, have been charged with 23 fraud and deception offences.
Mr Entwistle was also charged with one count of conspiracy to commit money laundering and one count of conspiracy to commit corruption.
A third man from Windsor was charged with one fraud offence.
All three men have been released on bail and will appear at Slough Magistrates' Court on 17 November.
Thames Valley Police said the charges are in relation to an allegation of fraud made by the Royal Bank of Scotland and other lenders, where loans were fraudulently obtained to the value of between £30m and £50m.
Mr Entwistle and Mr Gilbert have both been charged with 23 offences of conspiracy to defraud and conspiracy to commit fraud by false representation.
George Tilemachou, 52, from Windsor, was charged with one offence of conspiracy to commit fraud by false representation.