Princess Yachts manager faces fraud trial - Trade Only Today

Princess Yachts manager faces fraud trial

Plymouth, England-based luxury yacht builder Princess Yachts is embroiled in a court case in the United Kingdom.
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Plymouth, England-based luxury yacht builder Princess Yachts is embroiled in a court case in the United Kingdom involving the choice of a contractor that a senior executive hired.

Facilities manager Glyn Thompson, 57, appointed Elite Facility Solutions to demolish buildings for the yacht builder at its site in the South Yard of Devonport Dockyard, The Herald, a Plymouth newspaper, reports.

Elite Facility Solutions is accused of colluding with Thompson to defraud the yacht builder. Two of Elite’s directors pleaded guilty to conspiracy to siphon money from Princess Yachts.

Thompson denies dishonesty and is on trial at Plymouth Crown Court after pleading not guilty to two charges of conspiracy to defraud the yacht builder between 2010 and 2013.

Robert Chudley, a chartered surveyor who worked for the Sweet Group, said his company oversaw the start of the $15 million project to refurbish South Yard in 2008.

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