Former Langbar exec faces investigation

The Accountancy Investigation and Discipline Board is investigating the conduct of Stuart Pearson, the former executive director of Langbar International.

Pearson is a member of the Institute of Chartered Accountants in England and Wales. The AIDB said the scope of the investigation would be Pearson’s conduct in relation to the establishment, listing and affairs of Langbar.

He resigned from Langbar in February 2006.

Langbar is a diversified holding company - formerly named Crown Corporation Ltd - listed on the Alternative Investment Market of the London Stock Exchange.

Trading in its shares was suspended, at the company's request, on 12 October 2005