Boss forged documents to stop steel firm going bust

Three executives who forged documents to mislead banks into lending a failing steel company £122m are facing jail. The Balli Group went bust owing half a billion dollars (£315m) to more than 20 banks in 2012 but the three bosses lied to banks in a bid to stave off the collapse. Nasser Alaghband, the company CEO, 62, together with Louise Worsell, 68, and Melis Erda, 66, falsified shipping documents and forged signatures as part of the deception. The fake documents…