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Rita Ora loses 'hundreds of thousands' in alleged fraud by an accountant who 'lived like a Saudi prince'

Mirror logo Mirror 20/12/2016 Mirror .co.uk
Credits: Splash News © Provided by Trinity Mirror Plc Credits: Splash News

Rita Ora has been dealt a fresh financial blow. 

One of the companies the former X Factor judge, whose home was burgled last year, has an interest is a potential victim of fraud, along with other companies and individuals.

Collectively, they are said to have lost around £2.3million, but individually the star has reportedly lost "hundreds of thousands".

Police are now investigating claims that an accountant who "lived like a Saudi prince" siphoned off the money.

Credits: WireImage © Provided by Trinity Mirror Plc Credits: WireImage His neighbours reportedly claimed he bought an Audi Q5, a Mercedes and other luxury cars, while he also owened a £20,000 Rolex - despite earning a relatively modest income.

A source told The Sun : “Rita is one of several investors who it is suspected could have collectively lost £2.3million.

“She has all sorts of companies and investments within fashion and music, as well as businesses in the US and Asia, so it is a complicated ordeal sifting through missing funds.”

Northamptonshire Police told the newspaper a 35-year-old man has been arrested and bailed as part of a financial investigation.

Credits: WENN.com © Provided by Trinity Mirror Plc Credits: WENN.com Rita's lawyer Graham Shear said: “Rita Ora has multiple business interests globally. One of the companies in which she has an interest is a potential victim of fraud along with several other companies and individuals.

"The potential loss suffered by all the victims collectively is thought to be significant but only a proportion of that total figure will apply to the entity in which Ms Ora is one of several shareholders.

"Any loss suffered by the Company in which Ms Ora has an interest will be recoverable from insurance policies which protect against this sort of professional misappropriation, fraud and other claims.”

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