Ex-merchant bank director charged with fraud and forgery offences

Henrik Schliemann, formerly a director of a merchant bank regulated by the FCA, has been charged with nine criminal offences including fraud by abuse of position, fraud by false representation and forgery.

By Neasa MacErlean

The Financial Conduct Authority alleges that he transferred a total of £3.78 million from company accounts to his own and additionally paid himself over £1.3m in excess dividends. The regulator adds, in its announcement, that he "held the authorised Director, Compliance Oversight and Money Laundering Reporting Officer functions".