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Insurance coverage Chief, Ex-Spouse Advised To Pay £6.7M After Das Fraud – jj

Insurance coverage Chief, Ex-Spouse Advised To Pay £6.7M After Das Fraud


Law360, London (July 25, 2019, 3:06 PM BST) — The former chief executive of Das and his ex-wife must return £6.7 million ($8.4 million) in “secret profits” after a London judge hit them with a confiscation order on Thursday for their role in a conspiracy to defraud the German-owned insurance company.

Former Das boss Paul Asplin was ordered to pay £5.2 million by Judge Martin Beddoe at a hearing at Southwark Crown Court. Prosecutors at the court had been trying to seize up to £9.3 million from Asplin and two others who were convicted of conspiracy to defraud last year.

Judge Beddoe said he would have let Asplin keep part of his £3.9 million salary because…

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