Lord Penrose, the judge undertaking the inquiry, said he would not be looking at Equitable’s 15 former directors and auditors, because they were being sued by the company’s new board.
One former director told the FT that Lord Penrose’s hand were ‘tied’ because of the ongoing litigation.
The Equitable Members’ Action Group reacted angrily to the news, despite promises from Ann Abrahams, the parliamentary ombudsman that she would consider reopeneing her investigation if Lord Penrose produced new information.
The Penrose enquiry is due to report in the next few weeks.
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars
Investment in people, tech and businesses impacts on EY's profit per partner figure
RSM has appointed Kevin Edwards as a tax partner in its Nottingham office