Sean Collidge, founder and former chairman of retail property group Freeport, faces the prospect of a possible Metropolitan Police investigation over allegations that he misused company assets, which were made during the course of a civil trial earlier in the year. Daily Telegraph

Collidge, who left Freeport in March 2006, may become the subject of a police probe into his actions during his time at the company and thereafter.

After reviewing documents passed to it, the Crown Prosecution Service (CPS) has been in contact with the Met to establish whether it believes an investigation should be carried out.

The CPS was passed a series of papers by Mr Justice Jack, the judge in the dispute between Freeport and Collidge.

After the nine-day trial, Mr Justice Jack ruled in Freeport’s favour, and passed a file of documents to the CPS to investigate whether there was evidence to bring criminal charges.