Rita Ora loses 'thousands of pounds' in alleged investment company fraud

Rita Ora loses 'thousands of pounds' in alleged investment company fraud

Rita Ora has earned global fame on the X Factor and America's Next Top Model

Tuesday, December 20, 2016

Pop star Rita Ora has reportedly lost 'thousands of pounds' in an alleged incident of fraud. 

The former X Factor judge and host of America's Next Top Model is an investor in a company which has been reported to be a victim of financial crime.

The company is alleged to have lost a collective sum of around £2.3 million. 

According to The Sun newspaper, police are examining claims an accountant "lived like a Saudi prince" off the money.

Graham Shear, the singer's lawyer, said: "Rita Ora has multiple global business interests. One of the companies in which she has an interest is a potential victim of fraud. 

"The potential loss suffered by all the collective victims is thought to be significant but only a proportion of that will apply to Ms Ora. 

"Any loss will be recovered from insurance policies which protect against this."

Northamptonshire police have said they are conducting an investigation, and a man has been arrested in connection with the case. 

A spokesperson for the force said: "We can confirm Northamptonshire Police are conducting a financial investigation in respect of an ex-employee of Blue Cube Business Ltd.

"A 35-year-old man has been arrested and is currently on bail for this matter.

"This is a live investigation and it would be inappropriate for us to comment any further at this stage."