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Exec Pleads Guilty After 'Threatening' Pensions Regulator

Law360, London (November 28, 2018, 12:33 PM GMT) -- The boss of a major U.K. packaging company who allegedly threatened to “come after” a manager with the pensions regulator if he “crossed him” has pled guilty to a criminal offense and been banned for life from serving as a retirement scheme trustee.

The Pensions Regulator said on Wednesday that Thomas Wrigley, chief executive of Discovery Flexibles Ltd., entered his plea at Dundee Sheriff Court in Scotland after he repeatedly refused to disclose information to the watchdog. The regulator launched an investigation after a whistleblower alleged that Wrigley, in his role as chairman of the trustees, was considering investing more than £1.2 million...

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