Former Carillion finance director banned for 11 years

The construction giant went bankrupt in 2018

Jenna Brown
clock • 1 min read

The former finance director of Carillion, Zafar Khan, has been disqualified as a director for 11 years after action taken by the Insolvency Service.

Khan was in charge of the finances at the construction business, which went into compulsory liquidation in January 2018 after emergency talks with its lenders and the government failed to reach a deal that would save the company. The collapse pushed its defined benefit (DB) pension schemes into the Pension Protection Fund (PPF). MPs later raised questions about the role The Pensions Regulator played in the saga. Commenting on Khan's directorship ban, an Insolvency Service spokesperson said: "The Insolvency Service, acting on behalf of the secretary of state for business and trade, has...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Regulatory and employment-related changes – what do firms need to prepare for?

Regulatory and employment-related changes – what do firms need to prepare for?

‘Getting these issues right is not just about avoiding regulatory action or tribunal claims’

Sophie White
clock 21 August 2025 • 4 min read
FOS fees could fall if cases resolved early

FOS fees could fall if cases resolved early

Consultation seeking to modernise charges

Jenna Brown
clock 13 August 2025 • 2 min read
Consumer Duty two years on: Challenges remain for advisers

Consumer Duty two years on: Challenges remain for advisers

‘Biggest challenge for advisers at the moment'

Sahar Nazir
clock 31 July 2025 • 4 min read