Warrant issued for scourge of Coopers
Sunday 05 February 1995
Mr Hardy, who is now living in Suffolk, has run a campaign against Coopers, whom he accuses of mishandling the liquidation of his Bermuda-based insurance group, Focus. His language has often been robust in his campaign againstCoopers, whose two insolvency partners, David Lines and Peter Mitchell, were appointed joint liquidators of Focus in 1990 and made Mr Hardy personally bankrupt for £13.5m last year.
The arrest warrant was in response to a Hardy campaign against Sir James, which prompted the Supreme Court to issue a warrant of committal against him last month. Sir James had handed down several judgments against Mr Hardy in relation to the liquidationof Focus. Under the warrant Bermudan officials can arrest Mr Hardy and take him to court to explain why he should not be sentenced for contempt. He has been accused of "scandalising the court" with his comments.
Mr Hardy said on Friday that he is appealing against the warrant. "They're just trying to muddy the waters," he said.
He has carried on a sophisticated nuisance campaign against Coopers & Lybrand in the UK, based on the argument that the firm has broken the rules on the minimum proportion of chartered accountants that any firm must have in its partnership. He has claimed that since Coopers has added huge numbers of management consultancy and other non-chartered accountancy personnel to its partnership, it has broken regulatory rules. Coopers denies this and has been backed by the Institute of Chartered Accountants of England and Wales.
Currently Mr Hardy is demanding that the merchant banks handling the PowerGen flotation should note in the prospectus that Coopers' status as properly licensed auditors has been questioned. There has been no sign so far that he has been successful.
Coopers had no comment.
- 1 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 Israel's propaganda machine is finally starting to misfire
- 4 Zayn Malik on Israel-Gaza: One Direction singer bombarded with Twitter death threats after posting #FreePalestine
- 5 'Hello mum, this is going to be hard for you to read ...'
Russell Brand accuses FOX News anchor Sean Hannity of terrorism after aggressive Israel-Gaza debate
Sally Farmiloe dead: Howards' Way actress, and former mistress of Jeffrey Archer, dies aged 60
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
Australian model Robyn Lawley stages naked protest against huge coal mine seven times the size of Sydney Harbour
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
- < Previous
- Next >
iJobs Money & Business
£600 - £700 per day + competitive: Orgtel: Senior Investment Accounting Change...
£450 - £650 per day + competitive: Orgtel: My client, a leading bank, is curre...
£350 - £400 per day + competitive: Orgtel: Senior Analyst, ALM Data, Halifax, ...
£500 - £600 per day: Orgtel: Java developer - Banking - London - Up to £600/d...