A man has been charged with fraud after an investigation into the purchase of race horses in alleged offences involving a sum of money in excess of £5 million.

Michael Baker, 28, of Allington Cottages, Pilgrims Way in Hollingbourne has been charged with four offences of dishonestly making a false representation contrary to sections 1 and 2 of the Fraud Act 2006.

Mr Baker will appear before Maidstone Magistrates Court on Tuesday morning charged with the fraud.

Mr Baker is also due to appear before Maidstone Crown Court the following day after he was charged in May 2007 with two offences of dishonestly obtaining property, which also relates to the purchase of race horses, and one offence of fraudulent trading, which does not relate to race horses.

Mr Baker has been remanded in custody until his court appearances.