TOREX’S former legal director solicitor, Nigel Horn, walked free from court because the jury informed Judge Mary Jane Mowat there was no chance of reaching a verdict on the allegation put forward.

So Mr Horn was cleared of involvement in the fraud.

This must have been a huge disappointment to the Crown Prosecution Service, particularly as the other three men in the dock were found guilty and given prison sentences for a fraud which cost shareholders around £17m.

The SeriousFraud Office costs were well over £1m to prosecute.

I suspect this case is the tip of a very large iceberg.

Perpetrators of this type of crime may consider themselves intelligent but as the old saying goes; the bigger you are, the harder you fall.

ALAN KERRY Newman Road Littlemore