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 Regulator (TPR). Kypianou and Werb were also charged with providing false or misleading information to the regulator, breaching the Pension Schemes Act 2004. They both initially pleaded not guilty to all charges. TPR alleged that the two former employees of Huddersfield-based Eastman Staples Limited fabricated minutes of trustee meetings to disguise loans as investments. The court heard the ...
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