Businessmen - CEO's - Executives

May 05, 1973 - Duncan Sandys Paid back 44, 000 to Lonrho: Mr. Duncan Sandys, a former Conservative Colonial Secretary, repaid 44, 000 to Lonrho, the international mining and trading company, on finding that a contract offered to him had been arranged without the company's boar5d being consulted, a High Court judge was told yesterday. Details of the deal were given by Sir Basil Smallpiece, Deputy Chairman of Lonrho, who wants to sack its chief executive and managing director, Mr. Roland Tiny Rowland, 55, who, it is claimed, made the offer to Mr. Sandys. Mr. Rowland, a self-made millionaire who was once a railway porter, has a 20 percent holding in the firm. In the action Mr. Justice Plowman, in the Chancery Court, is being asked by Mr. Rowland to stop his fellow directors of Lonrho sacking him before extraordinary general meeting of Shareholders of the company is called to decide the issue on May 31. Photo Shows Sir Basil Smallpiece, deputy chairman of Lonrho, pictured in London after yesterday's High Court hearing

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