Acquitted Lord Spens awarded pounds 350,000 legal costs
Tuesday 06 July 1993
The High Court ordered Lord Spens's acquittal last November but legal formalities required a further appearance before Mr Justice Henry, the Guinness trial judge who is on a tour of duty in Newcastle. Lord Spens's application for costs had been turned down by the High Court last November.
Lord Spens, 50, was head of corporate finance at Henry Ansbacher at the time of Guinness's takeover of Distillers in 1986. The fraud and false accounting charges he faced arose from Guinness's illegal share support operation.
Lord Spens was denied a chance to demonstrate his innocence by the collapse of the second Guinness trial in February last year. The trial ended because of an alarming deterioration in the health of Roger Seelig, Lord Spens's co-defendant, who was suffering under the strain of conducting his own defence.
Although the judge accepted that the collapse of the trial was due to no fault of Lord Spens, he initially ordered that the indictment against him should lie on the file, saying he had brought the prosecution on himself. Lord Spens fought on and eventually overturned that decision. He estimates the prosecution has cost him a total of pounds 750,000 - he was forced to sell a treasured stamp collection.
Lord Spens has become a trenchant critic of the Serious Fraud Office, which he has described as 'a cowboy outfit with a gunslinger mentality'. He has accused the authorities of 'burglaries, phone taps, harassment and overt threats to me and my colleagues'. He is also suing the Bank of England for bringing about the loss of his job at Henry Ansbacher.
Olympic diver has made his modelling debut for Adidas
Actors star in Woody Allen's 'Magic in the Moonlight'
Revellers will have to pay to see New Year's Eve fireworks in London
...and the perfect time to visit them
Human faces unique 'because we don't recognise each other by smell'
Newcastle winger reveals he has testicular cancer - and is losing his trademark long hair as a result
Man's attempt to avoid being impounded heavily criticised
- 1 Scottish independence: Ireland since 1919 is a lesson for Scotland in what a Yes vote means
- 2 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 3 Say yes to 'no-poo': It's been three years since I stopped washing my hair
- 4 Grandmas keep accidentally tagging themselves as Grandmaster Flash on Facebook
- 5 Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Sports Direct security guard allegedly banned Jewish schoolboys and told them: 'No Jews, no Jews'
Jennifer Lawrence and Kate Upton nude pictures exhibition cancelled after artist concedes photos were 'stolen property'
Scottish independence referendum: A nation divided against itself
John Travolta addresses former pilot's gay romance allegations publicly for the first time: 'That was the lowest I'd ever felt'
Richard III: Two years after his body was found scientists discover how he died
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...
£20 - 24k + Benefits: Guru Careers: This is a great opportunity for an enthusi...