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.Not that it is personal from my point of view of course and nor would I even suggest he often wilfully does anything remotely untoward.
He was reprimanded and fined £500 last year by the ICAEW in a consent order for failing to meet insolvency reporting requirements.