PracticeConsultingJailed FD may face ACCA disciplinary action

Jailed FD may face ACCA disciplinary action

Christopher Harrison, the former financial director jailed in Germany on fraud-related offences this week, could face disciplinary action by ACCA, writes Gavin Hinks.

Harrison, given a five-and-a-half year sentence to be served in Kaiserlautern, is still a member of ACCA and a spokesman confirmed this week that it would look into his case.

His jailing follows investigations into the transfer of DM4m (£1.3m) from collapsed German shoe firm Andre Deutschland to other accounts. It is understood Harrison will appeal against his conviction.

A spokesman for ACCA, said: ‘We will investigate when we have details of the case.’

It plans to approach the court for information about the hearing and details of the charges against Harrison.

Harrison was arrested in Frankfurt in July 1998. However, his sentence and charges are unrelated to the collapse of Facia, the retail group owned by Stephen Hinchcliff, which collapsed with debts of £70m.

Hinchcliff has been charged with covering up corruption and conspiracy to defraud relating to United Mizrahi Bank, one of Facia’s creditors.

In March of last year PricewaterhouseCoopers dropped a £35m recovery claim against Harrison and Hinchcliff.

PwC had been brought in as administrators after the collapse of Facia and was attempting to prove the owner and financial director had breached fiduciary duties.

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