 In January 2010, the FSA confirmed that they had begun legal proceedings against the four directors who were involved in the irregularities.In March, the AADB excluded Ian Storey, former financial controller, from membership of his professional body ICAEW.They were acquitted at Southwark Crown Court on July 22 after a seven-year investigation and two trials brought by the Financial Conduct Authority, which said it would not pursue a third prosecution as the “case was now stale”.