Millions have been lost by fellow investors
Rita Ora is reported to have lost thousands of pounds after becoming the victim of fraud.
The singer and former X Factor judge, who is thought to be worth around £10million, was an investor in a company in which shareholders are said to have lost millions after a huge financial crime, with Ora herself losing tens of thousands. Police are now investigating.
“Rita Ora has multiple business interests globally,” said Ora’s lawyer Graham Shear. “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.
He added: “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.”
Earlier this year, a burglar was jailed for taking around £200,000 worth of items from her home.
The court heard that Ora’s sister Elena had been awoken after a man entered her bedroom. It is thought that two men were involved in the robbery, which saw jewellery, bags and mobile phones stolen.