Former Guinness Chairman Sentenced: Ernest Saunders was...
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Former Guinness Chairman Sentenced: Ernest Saunders was sentenced to five years in jail for his part in a share swindle that helped the brewing giant win a huge takeover battle four years ago. Stockbroker Anthony Parnes, known in the stock market as “The Animal,” collapsed as the judge started sentencing him for assisting the share support scheme that made Guinness appear the stronger suitor in a struggle for Distillers drinks group. When he recovered, he was sentenced to 2 1/2 years in jail. Gerald Ronson, a garage and property tycoon and one of Britain’s richest men, was given one year in prison and fined $9.7 million.
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