PracticeConsultingSacked FD sued by Azlan

Sacked FD sued by Azlan

Troubled computer equipment group Azlan is preparing to counter-sue its former FD, who began legal action against it last week. Chartered accountant Adrian Lamb is claiming #152,304 in damages for wages, bonus and benefits he claims the company owes him. Lamb was dismissed as FD and company secretary in October, after trading in Azlan shares were suspended due to ‘unresolved accounting issues’. In April, the Serious Fraud Office confirmed it was investigating allegations of false accounting which took place during Lamb’s tenure. Lamb said: ‘I had nothing to do with the day-to-day running of the finance function – my role was strategic.

If Azlan intends to counter-sue I’d be interested to see what case it has.’

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