Trustees plead guilty to £236,000 in illegal loans

Loans taken from workplace scheme and transferred to scheme sponsor

Hope William-Smith
clock • 1 min read
Leeds Crown Court
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Leeds Crown Court

Two trustees have both admitted to two counts of making prohibited employer-related investments totalling £236,000.

Company director Andrew Kypianou of Enfield, Greater London and Colin Werb of Diseworth, Leicestershire appeared in Leeds Crown Court yesterday (17 August) in a prosecution brought by The Pensions ...

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