The troubled Co-operative Group added to its list of embarrassments before Easter when it announced the suspension of a board member who falsely claimed to be an accountant.
Munir Malik is a Labour councillor from Bexley who has been a member of the Co-op’s South London committee since 1998, rising to the Co-op group’s values and principles board in May last year. But it appears that claims that he was a qualified accountant came to in his re-election documents last year.
The ICAEW wrote to Malik in October asking him to stop describing himself as a chartered accountant, and got back an undertaking from him that he would no longer do so.
The institute confirmed that Malik had qualified as a chartered accountant in October 1974, but his membership was terminated in March 1991, when he was declared bankrupt.
“Munir Malik is currently suspended as a director of the Co-operative Group pending the outcome of a board investigation in relation to the qualifications stated in his election materials," the Co-op Group said in a statement issued last week...
About John Stokdyk
John Stokdyk is the global editor of AccountingWEB UK and AccountingWEB.com.