The former finance director of the collapsed outsourcing company Carillion has been banned from serving as a company director for 11 years over his role in the company dishing out dividends of more than 50m while misstating its financial position by more than 200m.
The outsourcers implosion in 2018 was one of the most high-profile failures in British corporate history, costing 3,000 jobs and plunging 450 public sector projects, including hospitals, schools and prisons, into chaos.
The Insolvency Service, which was responsible for managing Carillions collapse, has since been pursuing action against former directors of the company, including its former chief financial officer Zafar Khan.
On Monday, more than five years after the companys coll…
Read the full article at: https://www.theguardian.com/business/2023/jul/03/ex-carillion-finance-chief-given-11-year-company-director-ban