Police are prosecuting five men alleged to have tricked the owner of Lind Automotive Group in Norfolk out of almost £12 million.
Graham Dacre sold much of £400m turnover Lind to Inchcape for £71m in 2006, continuing with a newly-opened Porsche dealership in Norwich which ceased trading in 2009, plus motorcycle dealerships in Norwich and Guildford and another Porsche centre in Tonbridge, which continue to trade.
Norwich Crown Court has heard this week how in May 2008 Dacre, a known Christian philanthropist, was allegedly defrauded by Ian Yorkshire, Alan Hunt, Arthur ‘Trevor’ Ford-Batey, David ‘Fraser’ Roberts and Kevin Brennan into investing £11.9m into an account on the understanding that it would generate high yields for charitable projects.
The trial continues, reports the Eastern Daily Press.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
PCT123 - 14/02/2012 21:18
Hi Tim, your information is not quite correct. Lind still operates a succesful Porsche franchise in Tonbridge, Kent; as well as 3 motorcycle dealerships.