Page last updated at 15:24 GMT, Friday, 8 May 2009 16:24 UK

Two slate directors admit fraud

Christopher Law (left) and Geraint Roberts
Christopher Law (L) and Geraint Roberts admitted the charge

Two former directors of Alfred McAlpine Slate Ltd, known as Welsh slate, have admitted charges of fraudulent trading.

Former managing director Christopher Law, 52, and ex-operations director Geraint Roberts, 57, admitted falsifying sales figures.

Mold Crown Court heard that both misled Alfred McAlpine plc about the amount of sales achieved by Welsh Slate.

A third man, ex-sales director Paul Harvey, 52, denies the charge and his case has been adjourned.

The judge heard that between January 2004 and February 2008, as well as sales already received, Law and Roberts misled Alfred McAlpine plc about the value of potential future sales to the total of £5m.

North Wales Police and the Serious Fraud Office carried out a joint investigation into the case.

Financial investigations under the Proceeds of Crime Act will now take place in the case of Law, from Llanberis, and Roberts from Betws-yn-Rhos.

The court heard there was no suggestion that the crime was carried out for personal gain, but rather to create the illusion that sales targets had been met from their Gwynedd quarries.

All three men have been given bail.

Welsh Slate was sold in December 2007 to Rigcycle, and continues to trade at Penrhyn Quarry near Bangor under new management.

Alfred McAlpine plc merged with Carillion plc in February.

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