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flag Former Cammell Laird finance director Allan Wood sentenced to 5 years, 3 months for stealing nearly £1.9M via fraud.

flag Allan Wood, 59, former finance director at Cammell Laird shipyard, was sentenced to five years and three months in prison on December 23, 2025, after pleading guilty to four counts of fraud by abuse of position. flag He misappropriated nearly £1.9 million between 2007 and 2008, diverting over £1.5 million to personal accounts and spending more than £315,000 on unauthorized entertainment. flag The fraud occurred during a financially struggling period for the company, forcing board members to contribute personal funds to avoid layoffs. flag Merseyside Police launched an investigation in January 2021 following internal discrepancies, leading to his conviction. flag Authorities emphasized the significant impact on employees and the message that such abuse of trust will be rigorously prosecuted.

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