The former boss of failed outsourcing and construction giant Carillion has been banned by the Insolvency Service from leading a business for the next eight years.
Richard Howson will not be able to be a director of a 海角视频 company after the authority said he ought to have known that the way some contracts were reported "concealed the reality of the deterioration".
Wolverhampton-based Carillion leaving a string of projects in its wake across the 海角视频.
The company, which led the construction of the £188 million Library of Birmingham which opened in 2013, was working on Royal Liverpool University Hospital and the Midland Metropolitan Hospital in Smethwick at the time of its collapse.
The opening date of the latter has been delayed again this week, with the
Mr Howson was appointed chief executive of Carillion in 2011 and
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The Insolvency Service also said the former chief executive "ought" to have known of the "false accounting, of the profit overstatement and of the net debt understatement and of the concealment from the auditors" around what payments Carillion was obliged to make to a consultancy called Wipro.
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He also signed off on a £54.4 million dividend, which was paid in June 2017, but "could not be justified by reference to the…financial statements", the Insolvency Service said.
"Mr Howson ought to have known that the 2016 final dividend payment was not in the interests of the plc, its members or its creditors and was not one the plc could reasonably afford to make in view of its true financial performance," the Government's watchdog said in a statement.
Carillion issued a profit warning just a month after the dividend was paid out to shareholders. Less than a year later, the firm - which employed around 12,000 people - collapsed.
Mr Howson is not the first to be suspended after former finance director Zafar Khan was banned from being a director for 11 years earlier this year.
An Insolvency Service spokesperson said: "The Insolvency Service, acting on behalf of the Secretary of State for Business and Trade, has accepted a disqualification undertaking from Richard Howson for eight years for his conduct as a director of Carillion.
"This follows the disqualification undertakings the Insolvency Service accepted from Zafar Khan on June 29 and from Richard Adam on July 13.
"As the litigation against the remaining directors is ongoing, with a trial set to commence the week of October 16, we are unable to comment any further."