A UK High Court judge has imposed a preservation order against Axiom Ince’s former owner Pragnesh Modhwadia for at least £64 million paid away from its client account.
October 31, 2023 at 07:20 AM
2 minute read
Reporter
The CEO of the Law Society has said the body is “greatly concerned” that its members could be asked to fill the missing £64 million void in Axiom Ince’s client account.
At the Solicitors Regulation Authority’s Compliance Officers Conference earlier this month, a one-off levy on the profession to cover the likely shortfall in the Solicitors Compensation Fund was one of several ideas discussed to address the Axiom Ince situation.
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