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Staff perceived Lomas as honest and straightforward

Former Independent Insurance finance director Dennis Lomas warned senior management that the deficit resulting from the company’s reserving strategy was approximately £50m, writes Ralph Savage .

Mukel Chawla, who is representing Mr Lomas told the court yesterday his client “does not recall” the exact figure to which he referred in a meeting at the Tudor Park Hotel on 26 June 2006, but

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