TransTec’s ex finance head faces jail

Bill Jeffrey, the former FD of TransTec, the specialist engineering group set
up by Labour MP Geoffrey Robinson, is facing a seven-year jail term after
pleading guilty to fraud.

Jeffrey, who was TransTec’s FD when the company collapsed in 1999 under a
£100m debt burden, will be sentenced at Birmingham Crown Court tomorrow, The
Times reports.

Jeffrey pleaded guilty to seven counts of fraud after being accused of hiding
a £11m black hole in the company’s accounts. TransTec’s former chief executive,
Richard Carr, was also accused of fraud but pleaded not guilty and was acquitted
last week.

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