Hacker Young’s Andronikou severely reprimanded

A £5,000 FINE has been dished out to UHY Hacker Young partner Andrew Andronikou for “manifestly inappropriate” conduct in relation to a client going through personal insolvency proceedings.

In a consent order made with the ICAEW, Andronikou was severely reprimanded, fined £5,000 and paid costs of £6,500 in relation to his role as a nominee and supervisor of an insolvent individual in 2007.

The institute’s investigation committee said that the complaint against him related to wrongly recommending a creditors’ meeting should be summoned, in that he had not undertaken sufficient investigations into the validity of certain creditor claims. Court proceedings to set aside a decision of the creditors’ meeting by a third party saw his conduct as “manifestly inappropriate” relating to evidence filed by him on the respondent’s behalf.

He was reprimanded and fined £500 last year by the ICAEW in a consent order for failing to meet insolvency reporting requirements.

Andronikou became well-known as a joint administrator of Portsmouth Football Club.

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