Noble duo are told to hand over passports
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Former GP Noble trustees Graham Pitcher and Gary Cordell, who have been charged with fraud, have had their passports confiscated and must notify the Serious Fraud Office if they intend to spend two or more nights away from home.
Pitcher and Cordell were last month charged with fraud and abuse of position in connection with the alleged theft of £52m-worth of pension assets from nine occupational pension schemes.
In a hearing at City of London magistrates court on Tuesday, Pitcher and Cordell were told they must report to a designated police station once a week and must not contact certain named individuals except in connection with their defence in the civil claim against them pending in the High Court.
The pair will attend a second hearing at Southwark Crown Court on April 16. The offences relate to a period between 2007 and 2008 when they worked as trustees while employed by the independent trustee company GP Noble, a subsidiary of Money Portal, which went into administration last June.
Former Money Portal director and GP Noble principal Tony Morris, currently living in Sydney, told the Financial Mail on Sunday that he is ready to return to England to assist the investigation. Morris was disqualified as a director in 2005 but has not been charged in relation to GP Noble.
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