Called to account

Insight / Five tax fraudsters ordered to pay £20m

Five tax fraudsters who were part of a crime group involved in a £108m fake eco-investment scam have been ordered to repay £20m, or face more time behind bars and still owe the money

Insight / Called to account: December 2019

In this month’s scandals, convictions and penalties, a former insurance CEO fined for shifting pay into wife’s name and tennis star gets 12-year extension to bankruptcy order

Insight / Ericsson pays $1bn over US corruption charges

Swedish telecoms giant Ericsson is to pay more than $1bn (£760m) to settle bribery charges brought by the Securities and Exchange Commission (SEC) and the US Department of Justice (DOJ), and is required to appoint an independent compliance monitor

Insight / Beef farmers jailed over £610k VAT fraud

A farmer and his wife have been jailed for their role in a £610,000 VAT fraud, following an HMRC investigation into their County Armagh beef cattle farm

Insight / Church charity trustees banned over £450k unauthorised payments

The Charity Commission has disqualified the trustees of a London-based Christian charity after discovering unauthorised payments of over £450,000 and cash withdrawals of over £700,000

Insight / Alstom UK subsidiary fined £16m over corruption charges

Alstom Network UK Ltd is to pay a total of £16.4m over corruption charges relating to a contract to supply trams in Tunisia, comprising £15m in fines and £1.4m in costs, following an investigation by the Serious Fraud Office (SFO)

Insight / Accountant sentenced for upskirting

A young accountant, caught filming up a female customer’s skirt at Top Shop’s Oxford Circus store, has received a suspended prison sentence

Insight / Regulator fines nursery over pension scheme failings

A court has ordered a pre-school nursery and its main director to pay £8,200 for failing to comply with their pension duties

Insight / Ex insurer CEO faces £150K fine over pay arrangements

Stuart Forsyth, former CEO of a small mutual insurer, is contesting a £154,000 fine and possible ban by two regulators over a tax dispute

Insight / Tennis star Boris Becker’s bankruptcy restrictions extended

Former tennis champion Boris Becker has been given a 12-year extended bankruptcy restriction following the Official Receiver’s investigation into assets and transactions valued in excess of £4.5m

Accounting / Nikkei hit by $29m transfer fraud

Japanese media giant Nikkei, which owns the Financial Times, has admitted it has been the victim of a $29m (£22.4m) money transfer fraud

Accounting / 10-year ban for ex-BHS director Dominic Chappell

Former BHS director Dominic Chappell has been disqualified for 10 years, and his father given a five-year ban, following an Insolvency Service investigation into a series of financial dealings involving the retail chain

Insight / Regulator finds misconduct and mismanagement at charity

Three trustees of a Hereford and Worcester-based charity have resigned after a regulatory inquiry uncovered a string of failures in its governance, finances and safeguarding

Insight / Called to account: November 2019

This month’s named and shamed consists of a Deloitte audit partner who was fined £120k by the FRC, directors banned over failing to put creditors first, a land engineering boss banned for 11 years over tax offences and money launderers jailed for role in £1m ‘rare earth’ metal scam

Insight / Football charity Kick It Out faces bullying claims

The staff at football charity Kick It Out (KIO) have been let down by their management and trustees over a failure to deal with sexual harassment, bullying and safeguarding
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