Angry creditors forced Smith & Williamson, the administrators of collapsed broker Global Trader Europe (GTE), to bring in competitor accountancy firm Grant Thornton as a joint liquidator.
At a heated meeting last Friday, the creditors voted to appoint Steve Akers from Grant Thornton with a special brief to examine the conduct of GTE's former directors, The Daily Telegraph reports.
Akers will work with Smith & Williamson administrators Stephen Cork and Joanne Milner when the administration of GTE is converted into a liquidation over the next month or so.
GTE was forced into administration in mid-February after a single, unnamed client racked up losses of close to £15m and was unable to meet margin calls.
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