AN ANGLESEY businessman has been cleared of eight charges of fraud.
Rhys Wyn Williams, aged 31, was a director of Rhys Williams Developments Ltd from September 2004 to February 2010 and the prosecution alleged that he had used company funds for his own purposes.
The trial was opened on Monday but was adjourned until yesterday (Wednesday, March 26) to give the defence time to examine papers which they said that they had not seen.
A defence expert was also called in to go through them.
But when the case was resumed today Matthew Curtis, prosecuting, told the court that he wished to offer no evidence against Mr Williams.
The jury at Mold Crown Court found him not guilty of all eight charges at the direction of Judge Philip Hughes.
The prosecution said that his company owned the Sant Tysilio Nursing Home in Llanfairpwll, and was paid large sums of money by the local health board.
However, between October 2009 to January 2010, the company was not in a sound financial position, he stood accused of using company funds for his own purposes: misdirecting funds from the local health board to his own personal account, taking out a personal loan secured against land owned by the company and drew cheques from the company account to make payments on that loan.
The jury was told that Williams accepted making the transfers, accepted securing the loan, and he accepted making the cheque payments which were all the subject of the charges.
But it was his case that his actions were completely legitimate and did not involve any dishonesty on his part.
Mr Williams, of Llangefni, denied eight charges of fraud and the trial, if it had proceeded, had been listed to last some two weeks.