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Three face commercial loan fraud charges

A millionaire lord has been charged in relation to a suspected £12m commercial loan fraud.

Edward Davenport, 43, who is said to be Lord of Giffords, is one of three men charged last week with conspiracy to defraud, deception and money laundering in a major international commercial loan fraud probe.

The alleged fraud involves advance fees charged on loans and commercial rent fraud.

The charges follow the arrest of six people after officers swooped on 19 properties.

Edward Ormus Sharington Davenport, 43, Martin Peter Riley, 62, and David Martin Layard Horsfall, 54, were charged at the City of London Magistrates Court last Thursday. They are due to appear at Southwark Crown Court on February 2, 2010. Three others were arrested and released without charge.


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