Two men released on bail as £1m fraud investigation at University of Greater Manchester continues

Two men arrested over an ongoing investigation into the University of Greater Manchester’s financial irregularities have been released on bail.

On Wednesday 4^th November, Great Manchester Police executed two warrants in Bolton and South Yorkshire.

The two men in their 50s and 60s, were arrested over suspicion of witness intimidation, perverting the course of justice and fraud by the abuse of position.

The investigation follows on from accusations from Manchester Mill, describing allegations of bullying, racism and financial misconduct within the university, formerly known as University of Bolton, between 2014 and 2025.

Detectives are going over evidence for the alleged offences, investigating more than a million emails, and fraudulent activity involving around 60 transactions, equating over £1 million.

Two men and a woman in her 50’s were arrested in July, on suspicion of money laundering.

All three were released on bail under investigation.

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One of the men, the universities vice-chancellor George Holmes, was suspended last year over financial mismanagement and later sacked in July.

Detective Inspector Matthew Donnelly said:

“This is a complex and significant investigation involving serious allegations. Over the past year, detectives have carried out a significant volume of enquiries to carefully assess and independently verify the information available to us.

We have been working closely with specialist partners, including the Crown Prosecution Service’s Serious Economic Crime team.” 

Police are encouraging university staff members and representatives to come forward with any further information.

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