Lawyers in court accused of fraud after £66m collapse of Axiom Ince

Five executives of a law firm including two solicitors have appeared in court on fraud charges after the £66m collapse of their company. Pragnesh Modhwadia, 41, and Shyam Mistry, 35, allegedly mishandled client’s money as co-directors of law firm Axiom Ince, which had offices in London, Birmingham, Bristol, Cardiff, Leeds, Liverpool, and Manchester. The pair appeared at Westminster Magistrates’ Court with the firm’s former chief financial officer Mohammed Ali, 42, charged with two counts of fraud by abuse of position,…