A US judge has overturned Sir Allen Stanford’s bail ruling, saying he should
remain in jail until his fraud trial.
The judge overturned an earlier decision to grant Mr Stanford bail of
$500,000 (£305,000). Prosecutors argued he was a flight risk, and had a wealthy
network of friends and dual citizenship that would make it easy for him to flee
Mr Stanford will sit trial over allegations he defrauded investors of $7bn
The BBC reports that Mr Stanford’s lawyers were disappointed with the
decision and would appeal against the ruling.
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live