RLA director sacked 'for signing off £3.6m deals'

George McGregor allegedly signed off contracts worth £3.6m with Utility Capital Management (UCM), an investment advisory firm owned by former RLA investments head James Stuart-Smith, without board approval. McGregor was dismissed earlier this month after RLA said he had made 'unauthorised payments' to an unnamed company, writes the Daily Mail. According to reports, RLA has "brought proceedings against James Stuart-Smith and associated companies in relation to certain alleged commercial arrangements between the parties and is seeking to recover over £3.6m of unauthorised payments". ...