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24 Oct 2007
Dennis Lomas, former FD of Independent Insurance has been hit with a four-year jail term at Southwark Crown Court after being found guilty of defrauding shareholders.
Within the past hour, he and his fellow directors, chief exec Michael Bright and deputy managing director Philip Condon were in the dock to receive their sentence.
For his part in hiding the true financial position of the collapsed insurance giant, Judge Rivlin QC gave Lomas four years and also banned him from being a company director for 10 years.
Bright was sentenced to seven years, while Condon was sent to prison for three years.
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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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