The SFO is close to rounding up one of its longest investigations, into the
collapse of Independent Insurance, The Daily Telegraph reports.
The SFO has been investigating the case since June 2001 after an FSA referral
and will soon decide whether to bring charges against officers of the failed
insurer or conclude that there is insufficient evidence of wrongdoing.
PricewaterhouseCoopers was appointed as provisional liquidator of the
insurer, which was founded by Michael Bright and had 500,000 private customers
and 40,000 corporate policy holders at its collapse.
Lengthy criminal and civil investigations followed the collapse, with the
fall-out and costs continuing to impact on the industry. The Financial Services
Compensation Scheme has had to impose a £130m levy to cover claims against
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements