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...

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