Ernest Saunders

Ernest Walter Saunders (born October 21, 1935) was a business manager and is a convicted fraudster.

He was married in 1963 to Carole Ann Stephings with two sons and one daughter, and was educated at Emmanuel College, Cambridge.

He had a career in management with Beecham, Great Universal Stores and Nestle before becoming Chief Executive of Guinness plc (1981-1986).

Saunders (along with Isidore Jack Lyons, Anthony Keith Parnes and Gerald Maurice Ronson) was convicted on August 27, 1990 of counts of conspiracy to contravene section 13(1)(a)(i) of the Prevention of Fraud (Investments) Act 1958, false accounting and theft, in relation to dishonest conduct in a share support operation during Guinness plc's takeover bid for United Distillers plc early in 1986. A series of appeals were finally dismissed in December 2002.

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