Following
Portsmouth Football Club's point deduction today,
I'm most pleased to learn of this:
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.
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.
