Leslie Rosenthal, 53, who was buying manager at Wickes, appeared before the Southwark Crown Court to answer to fraud charges. He denies the accusations.
Prosecuting Attorney, Anthony Hacking QC told the court a ‘two-letter’ system was used to fool the auditors. According to the allegations, rebates from suppliers were used to inflate profits when they should have been spread over a longer period.
Four other Wickes directors, inclucing finance director Trefor Llewellyn, were cleared of fraud charges last November. They had been accused by the Serious Fraud Office of fraudulent trading and making false accounting statements.
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team