Press release

Director disqualified for facilitating pension fraud

Richard Martin Williams has been disqualified for 12 years from acting as a director for failing to make sure Carrington Wire Limited (CWL) met its obligations to the CWL Defined Benefit Pension Scheme and causing Gillico Limited, a dormant company, to facilitate a series of transactions which enabled an unconnected Russian company to avoid its liabilities to the CWL Defined Benefit Pension Scheme.