The former finance chief of a high-flying airline supplies business that
crashed and burned has been banned from the chartered accounting profession
for three years and fined £170,000.

Hugh Bevan admitted in disciplinary proceedings that his conduct fell
significantly short of the standards reasonably expected of him after
accounting irregularities led to the collapse of Aero Inventory, which was
listed on AIM, in 2009.

The Financial Reporting Council, the profession’s disciplinary body, found him
“reckless” as to the timing of a key deal in the Aero accounts and deficient
in failing to report a key recommendation to the main board.