the risks they were taking( Stock picture: Getty )A finance director was fired for trying to raise the alarm that his company was relatively going broke and trading illegally.
Sam Williams went on to sue for unreasonable dismissal and was paid ₤ 754,380 in settlement for the way he was dealt with at ABP (London) Investment.
The executive, 58 at the time, notified employers when he received an ₤ 11,628 costs to guarantee a Bentley and a Rolls-Royce.
He sent out an e-mail to CEO Ying Xu, stating: ‘Unless we understand where the cash is coming from, we can not dedicate to this expense as we already owe too much cash.
‘ Frankly, we do not have the funds to run business.’
The employment tribunal in London was informed that Mr Williams thought this was a ‘extremely severe matter for the directors’.
He cautioned that they were most likely to break insolvency law– due to the fact that they were unable to repay their debts– and were at threat of deceitful and wrongful trading in the UK.