ICAEW excludes Derek Peter
Former Luton Town and Spurs FD brought institute into “disrepute”
By CFOWorld.co.uk staff | CFO UK | Published 15:56, 06 December 12
Derek Peter, the former finance director of football clubs Luton Town and Tottenham Hotspur, has been excluded by accounting body ICAEW for bringing the institute into disrepute.
His ICAEW exclusion, announced on Thursday, follows his disqualification as a director and a guilty verdict in a misconduct investigation instigated by the UK Football Association (FA) relating to his tenure at Luton Town.
The High Court found Peter to be in breach of rules and regulations related to payments of football agents. Court documents note that between 2004 and 2007, he played a part in Luton Town trading to the risk, and "ultimate detriment" of HMRC.
Such moves saw the HMRC owed £3.5 million by the time of his resignation in 2007. Subsequently, Luton Town entered administration in November that year.
Peter had protested to the ICAEW that the High Court judgment had overlooked his defence team’s argument and those of his co-directors and that he was not minded to enter into any further correspondence.
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