Andrew Meeson, the president of the Association of Tax Technicians (ATT), has stepped down from his post due to money laundering investigation.
In September 2010 IFAOnline revealed Meeson had been arrested over his role as director of pension scheme administrator Tudor Capital Management (TCM).
Four senior employees of Tudor, including Meeson, were arrested on suspicion of fraud, cheating the public revenue and money laundering.
Meeson told IFAOnline's sister title Accountancy Age: "I and my colleagues at TCM reject these allegations in their entirety and we will be fighting hard to clear our names.
"Nevertheless the case now looks likely to come to court in the second half of 2012.
"Given this, it is proper that I stand down from the presidency and trusteeship of the ATT."
What made financial headlines over the weekend?
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch