Investigations and court cases
in Ferranti: A History
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This chapter provides a detailed analysis of how multi-agency American and British investigative teams unravelled the highly intricate web of illicit activities created by James Guerin since the 1970s. By the time that the Grand Jury (in Philadelphia) was charged with investigating the criminal counts, there was an enormous amount of evidence implicating Guerin and his key executives. This finally resulted in a series of trials, consequent upon which Guerin was given a 15-year prison sentence and his co-conspirators a range of smaller sentences. At the same time, Ferranti also pursued compensation through the British courts, but in the end was obliged to accept a small sum from Peat Marwick Mitchell as ISC’s auditors.

Ferranti: A History

Volume 3 Management, mergers and fraud 1987–1993

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