The GFSC reported on 13th March 2017 that Mr Galliers was convicted in March 2016 of 10 counts of fraud by abuse of position contrary to sections 1, 4 and 5 of The Fraud (Bailiwick of Guernsey) Law, 2009 and sentenced to 3 years imprisonment.
Mr Galliers was a director and shareholder of an insurance intermediary licensed under The Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002.
On 10 March 2017, the Commission applied to the Royal Court for an order disqualifying Mr Galliers from acting as a director of any Guernsey company. Mr Galliers consented to the making of the disqualification order and the Royal Court ordered that Mr Galliers be disqualified for 12 years.
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