Corrupt company bosses and fat cat directors who award themselves huge pay rises at shareholders and employees expense may find themselves named and shamed by a new Wimbledon-based company.

Corruptionbusters is the brainchild of Chris Coverdale, former director of an international consultancy company, who lost all his assets in the 90s to two major boardroom frauds. After this experience, and what he calls the failure of police and legal system to prosecute his case, Mr Coverdale, 55, spent the last few years investigating boardroom scams.

His company, based in Wimbledon Broadway, aims to expose corrupt practices and dodgy share schemes.

He said: It is not widely realised that many executive pay schemes are wide open to fraud and that company directors regularly abuse the schemes. Any unauthorised payment is a theft of company property and, therefore, a criminal offence.

Many people dont realise they are not getting the money they deserve because of boardroom greed and corruption.

Mr Coverdale named examples including Robert Maxwells £400 million pension scam from Mirror Group

papers and claims to have uncovered numerous other shady schemes in high profile

national and international companies. Corruptionbusters intends to publish its findings on its website www.corruption

busters.co.uk and is willing to hand them over to the serious fraud office so it can mount prosecutions.

Corruptionbusters is urging trade unions and concerned individuals to get in contact so their schemes can be vetted and is also going to be lobbying the government to make changes to the law to prevent abuses of boardroom power.

Call 020 8544 8040 for more

information.