Pettet: questioned over hole and resignation

A group of senior managers at Independent Insurance were warned of a "hole" in the company’s accounts at a private meeting in June 2000 by Indie trial co-defendant Dennis Lomas. The prosecution’s first witness Stuart Pettet cited this revelation as one of the reasons for his own resignation less than three weeks later, writes Ralph Savage

In the second day of his witness testimony, Mr Pettet was questioned both by prosecution counsel Andrew Baillie QC and subsequently defence counsel Ian Winter QC as to what factors had prompted his