Ex-CFO Blames Finance Director For Inflating Accounts

By Richard Crump (January 27, 2022, 7:37 PM GMT) -- A former Redcentric chief financial officer on trial for misleading investors about its assets and debts was duped by a dishonest junior colleague who "systematically and persistently" manipulated the IT company's finances, his counsel told a jury on Thursday.

In closing arguments at Southwark Crown Court, Sarah Clarke QC of Serjeants' Inn Chambers said Timothy Coleman was "actively misled" about Redcentric's financial health by the company's then-finance director, Estelle Croft.

The Financial Conduct Authority alleges Coleman and former Redcentric CEO Fraser Fisher are responsible for "serious misstatements" about Redcentric finances made to the London Stock Exchange in November 2015 and June...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!