Former Carillion chief banned for 11 years
The former finance director of collapsed construction and facilities management Carillion has been disqualified as a director for 11 years.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
A spokesperson for the Insolvency Service, which announced the ban, said: “The Insolvency Service, acting on behalf of The Secretary of State for Business and Trade, has accepted a disqualification undertaking from Zafar Iqbal Khan for 11 years for his conduct as a director of Carillion.
“As the litigation against the remaining directors is ongoing, with a trial set to commence the week of 16 October 2023, the Insolvency Service is unable to comment any further.”
Khan stepped as Carillion’s finance director after nine months in the job shortly before in collapsed in 2018 and was fined £154,400 last year by the Financial Conduct Authority, alongside the firm’s former chief executive Richard Howson and former finance director Richard Adam.
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