Director disqualified for 12 years for £26m pension fraud

Kristian Brunt-Seymour
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A former owner of Carrington Wire Limited (CWL) has been banned from acting as a company director after helping the firm's parent company dump its defined benefit (DB) scheme.

The government's Insolvency Service disqualified Richard Williams, who bought the Yorkshire-based firm from Russian steel conglomerate OAO Severstal for £1, for 12 years. It found he had failed ...

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