BBC ON THIS DAY | 27 | 1990: ‘Guinness Four’ guilty
All four defendants in the marathon Guinness trial are facing jail after the jury returned “guilty” verdicts following five days of deliberations.
Ernest Saunders, Gerald Ronson, Sir Jack Lyons and Anthony Parnes were convicted, ending the most expensive court action in British legal history at a cost of around £7.5m.
The men were accused of involvement in a conspiracy to drive up the price of shares in Guinness, makers of the eponymous stout, during a 1986 takeover battle for the drinks company, Distillers.
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