BusinessPeople In BusinessFormer FD of Durex maker avoids fraud trial

Former FD of Durex maker avoids fraud trial

High Court backs previous ruling that SFO has insufficient evidence against ex-directors of SSL

The Serious Fraud Office has failed for the second time to bring a case
against five former directors of Durex makers SSL.

The High Court refused to over-ride a Crown Court ruling, made earlier this
year, that there was ‘not sufficient’ evidence to bring a jury trial.

The SFO had alleged the directors, which included former group finance
director Paul Sanders, were involved in ‘trade-loading’ fraud and of inflating
profits.

Mr Justice Pitchers yesterday said that the SFO had not argued that the Crown
Court decision was wrong in law and was instead asking for a substitute
judgement, according to the Financial Times.

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