A former finance director at BT, Hanif Lalani, who was implicated in an insider trading scandal, has been stripped of his OBE. He is an FCMA.
Some eight years ago (2012) Lalani was fined £1.4 million by the French authorities following BT’s investment in the IT services company Net2S. Five members of his extended family were also heavily fined.
An announcement in the Gazette on 18 September said Lalani’s OBE awarded in 2002 was now “cancelled and annulled”.