The Tribunal found that Mr Greaves had brought the CIOT into disrepute by virtue of his disqualification on 11 June 2002 from acting as a director of a company for a period of ten years, and that he further brought the CIOT into disrepute by virtue of his acting in breach of that disqualification order, resulting in his conviction in the Southwark Crown Court on 10 December 2004 for being concerned in or taking part in the management of a company whilst disqualified. The Tribunal also found that, by his own admission and conviction on 9 May 2006, Mr Greaves in or about September 1999 participated in false accounting and in aiding and abetting, counselling and procuring fraudulent trading in relation to VAT evasion, and thereby brought the CIOT into disrepute.
Having met again on 18 December 2009 in order to consider Mr Greaves' mitigation and to determine sanctions, the Tribunal decided that the matters in question were so serious that the necessary and proportionate sanction for each charge was expulsion from the Institute. Mr Greaves was ordered to pay costs in the sum of £8,137.50, payable in full by 31 July 2010.
