I have no particular view on the findings of guilt in regard to the charges. The courts have determined guilt, and that is also one issue being appealed to the Supreme Court.
The issue of more interest is whether custodial sentences are appropriate, when the court has specifically said they accept there was no dishonesty involved. I’ve got no problem with white collar criminals getting custodial sentences when they have defrauded people. But is a custodial sentence appropriate when the court has accepted there was no dishonesty?
The Lombard case involved “honest misjudgments” as opposed to other cases of gross negligence, related lending etc.
It is appropriate directors are held liable for their governance of a company that fails. But are custodial sentences appropriate when there was no fraud or deliberate deception?Tags: law & order, Lombard