JDS gears up for busy autumn
Joint Disciplinary Scheme schedules Transtec and Semple Cochrane hearings for autumn
The Joint Disciplinary Scheme is preparing for a busy autumn, when it will be
holding two tribunal hearings related to Transtec and Semple Cochrane.
The Semple Cochrane tribunal will take place in Edinburgh in September and
October, while the Transtec hearings begin in October in London, Chris Dickson,
executive counsel to the JDS has confirmed.
The Transtec investigation covers complaints against the company’s former
auditors PricewaterhouseCoopers and predecessor Coopers & Lybrand, as well
as former director Jonathan Michael Lander.
Transtec, the specialist engineering group, collapsed in 1999 under a £100m
debt burden, which prompted a Department of Trade and Industry probe into the
company in 2000.
Transtec’s former FD Bill Jeffrey has already pleaded guilty to fraud in
Birmingham’s Crown Court. The company’s former chief executive Richard Carr was
acquitted after pleading not guilty to fraud charges.
The Semple Cochrane hearing will see Deloitte & Touche and its
predecessor Rutherford Manson Downs face complaints. Former Semple Cochrane FD
and chief executive William Wilson Evans is also facing a complaint.
The complaints relate to Semple Cochrane’s contract accounting, its
acquisition of Acumen Management and its accounting for subcontract work on a
refurbishment job.