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07 Dec 2009
The black hole in the accounts of collapsed airline parts business Aero Inventory could be the focus of an investigation by the Serious Fraud Office.
Its board wants the SFO to look into whether there is a case to answer after the company entered administration last month soon after it found accounting mistakes in a Canadian contract, reports The Times.
Chief executive Rupert Lewin and FD Hugh Bevan were removed from their roles after its AIM shares were suspended on 26 October when announcing a delay in publishing its final accounts
Administrators from KPMG were appointed to the business in November.
Business development director Colin Trupp was appointed acting chief executive, while Swag Mukerji was appointed in charge of its financial operations.
Mukerji is an experienced FD with roles at Priory Group and Biocompatibles International.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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