A FORMER Luton Town and Tottenham Hotspur finance director has been excluded as a member of the ICAEW.
Derek Peter, of Totteridge, has been excluded after bringing the institute into disrepute following his disqualification as a director.
His director disqualification followed a series of issues relating to his time at Luton Town, which also saw him found guilty of misconduct by the FA.
The High Court found that between 2004 and 2007 he contributed towards the club breaching rules and regulations relating to payments to football agents. He caused Luton Town to trade at the risk, and "ultimate detriment" to HM Revenue & Customs – which saw the taxman owed £3.5m by the time of his resignation in 2007. He also caused the club to enter a transaction that was to the detriment of creditors and to the benefit of a connected entity (of which he was also a director).
Luton Town entered administration in November 2007.
In response to the ICAEW, Peter had told an institute case manager that the judgment had overlooked the defences he and his co-directors had put forward – and that he was not minded to enter into any further correspondence.
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
0930, 26 Aug 2014
Accountancy Age expands on last year's successful masterclasses with new series of courses
It’s not all Rickrolling and LOLcats: Millennial workers are key to the future of finance and understanding them is essential to unlocking their value...
Send to a friend