Among the accusations levelled against Ward Evans in the administrators' report are allegations of fraudulent invoicing. The report alleges:

  • A series of invoices, described as `deposit adjustment premiums', were issued on 23 November 2001, at the end of certain insurance policy terms.

  • These additional premiums were calculated by Ward Evans, not by insurers. "There appears to be no evidence that the insurers requested the raising of the adjustment invoices," the report said.

  • The invoices were sent with accompanying letters electronically signed by an employee who was on holiday.

  • They totalled £594,000, of which £127,000 was allegedly "received and retained by the group".

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