[1] In 1993, while chief executive of the Farr construction group, he was prosecuted for stealing £2 million from its pension fund and sentenced to two years' imprisonment.
On the day that Smith was to report with his lawyers to the SFO's offices, he was involved in a car crash and had to be cut from his Audi A8 after having run into a tree.
In 2005, he pled guilty to 10 counts of theft totalling £34m and one of false accounting in respect of his position at Izodia plc.
In 2003, he sued Andy Ruhan, his former business associate, for over £100 million he claimed was owed to him in respect of a hotel deal.
[1] She was described by Serious Fraud Office lawyer Kennedy Talbot QC as the "front" for Smith's continuing business activities.