Chelsea chairman quits over QMH

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The Independent Online

The Chairman of Chelsea Building resigned yesterday after it emerged that he must face charges over irregular accounting practices dating back to an earlier part of his career.

Morris Hart will have to justify his record as a partner in an audit that his accountancy firm, Bird Luckin, carried out at Queen's Moat House. He will also have to answer questions about his subsequent term as a non-executive director of Queen's Moat House.

Mr Hart will face a tribunal called by the regulatory Accountants Joint Disciplinary Scheme over QMH's accounts for 1990 to 1991. The body said Mr Hart failed "to ensure that the group's 1991 accounts give a true view" of the company's financial situation. Mr Hart, who was due to retire next year, said he was innocent but wanted to distance the building society from possible scandal.

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