Zafar Khan, the former finance director of collapsed mega-contractor Carillion, has been banned from being a company director for 11 years. It is the longest ban imposed on an executive of a listed company by the Insolvency Service (IS) in 60 years, raising the prospect of lengthy bans for seven other former directors being pursued in relation to the collapse.
Khan, 54, is a former Ernst & Young accountant who joined Carillion’s senior finance team in 2011. He was promoted to chief financial officer in August 2016, replacing the long-serving Richard Adam, though he only remained in post for nine months as the company’s financial troubles prompted a boardroom clear-out.
