AN ACCOUNTANT on trial for conspiracy to commit fraud has been convicted of three of the charges against him.

Mark Woodbridge, 42, denied plotting to defraud the shareholders of software firm Torex Retail – which had offices in Witney and Banbury – along with Nigel Horn, 58.

But today a jury in Oxford Crown Court returned guilty verdicts on two counts of conspiracy to defraud and one of false accounting.

It has not yet reached a decision on the remaining two counts of false accounting against Woodbridge and a single charge of conspiracy to defraud against Horn.

Woodbridge, of Kineton, Warwickshire, is accused of false accounting between May 1 and August 15, 2006, and has now been convicted of conspiracy to defraud between May 1, 2006, and January 26, 2007.

Horn, of The Avenue, Bourton-on-the-Water, Gloucestershire, who was the firm's legal director, denies conspiracy to defraud between November 1, 2006, and January 26, 2007.