Ex-Iceland Chairman Walker Won't Be Charged After Four-Year Investigation

Summary

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Former Iceland chairman Malcolm Walker has been cleared of any wrong-doing after a protracted investigation into his selling of shares a month prior to a series of profit warnings. As well as the possibility of insider dealing, the Serious Fraud Office looked into how the frozen food supermarket chain, now part of the Flintshire- based the Big Food Group, had drawn up profit figures.

Mr Walker, right, was controversially ousted as chairman in 2001 following his selling of pounds 13.5m worth of shares a month before Iceland issued its first profits warning.

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Ex-Iceland Chairman Walker Won't Be Charged After Four-Year Investigation

Solicitors acting for Mr Walker, Clifford Chance...

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