A fifth person has been arrested as part of an investigation into an alleged £52 million fraud.
Tony Morris was charged with theft, conspiracy to defraud and aiding and abetting fraud when he appeared at Westminster Magistrates Court this week.
He was arrested following a two-and-a-half year investigation by the Serious Fraud Office centring around pension trustee firm GP Noble.
It is alleged that £52 million was stolen from nine pension schemes managed by GP Noble, of which £30 million was taken in August 2007 and £22 million in April 2008.
Mr Morris was a founding director of The Money Portal, which was the parent company of GP Noble Trustees.
A statement from his lawyers Crowell & Moring said: "Mr Morris strongly denies the allegations made against him, but given the matter is now the subject of court proceedings it would be inappropriate to comment further at this time," citywire.co.uk reports.
Mr Morris joins four others already facing charges of offences including fraud and money laundering over the case.
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