BusinessCompany NewsBan for former TransTec chief

Ban for former TransTec chief

Former TransTec chief banned from being a company director for almost ten years

Richard Carr, former TransTec chief, has been banned from being a company
director for almost ten years despite an acquittal earlier this year on seven
criminal charges following the engineering company’s collapse.

Justice David Richards passed a guilty ruling in a civil hearing at London’s
High Court last week (10 Aug) against Carr, a chartered accountant, for
‘deliberate wrongdoing’ in managing the company that collapsed under millions of
pounds worth of debt in 1999. He received a nine-and-a-half year ban on holding
any company directorship.

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

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