PracticeConsultingFormer Barings director faces tribunal

Former Barings director faces tribunal

Former Barings director Simon Dominic Jones is to face an Accountants' Joint Disciplinary Tribunal over his role and responsibilities in the period leading up to the bank's collapse.

Complaints have been laid against the chartered accountant over his responsibilities in relation to the management of Barings Future (Singapore) Limited during the period in which rogue trader Nick Leeson’s activities brought about the end of the UK’s oldest merchant bank.

An independent tribunal will be appointed to hear the complaints. If it upholds them, the tribunal has the power to impose a fine or a period of disqualification from the profession.

The complaints also include matters relating to the accuracy of statements made by him in a representation letter to Deloitte & Touche during the 1993 audit and the 1994 internal audit report into BFS.

Links – other Barings stories

PwC lodges appeal against watchdog findings on Barings

JDS tribunal for former Barings’ deputy chairman

Deloittes wins more time for Barings trial

PwC awaits Barings tribunal verdict

Barings trial delay move by Deloittes

Extraordinary items – Baring necessities.

No stopping Leeson

Barings auditors ‘negligent’

Insolvency – Coopers in Barings fight

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