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Former Carillion director banned for 11 years

The former finance chief of Carillion has been banned from being a company director for 11 years.

Zafar Khan has been hit with the ban by the Insolvency Service.

A spokesperson said: “The Insolvency Service, acting on behalf of The Secretary of State for Business and Trade, has accepted a disqualification undertaking from Zafar Iqbal Khan for 11 years for his conduct as a director of Carillion Plc.

“As the litigation against the remaining directors is ongoing, with a trial set to commence the week of 16 October 2023, the Insolvency Service is unable to comment any further.”

Khan was fined £154,400 last year by watchdogs at the Financial Conduct Authority alongside former chief executive officer Richard Howson (£397,800) and former finance director Richard Adam (£318,000).

The trio are understood to be appealing against the fines.

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