Crossword Genius

He holds the money when company meets in bar (6)

Ross

I believe the answer is:

bagman

'he holds the money' is the definition.
(someone collecting money from criminal activity)

'when company meets in bar' is the wordplay.
'when company meets' becomes 'AGM' (annual general meeting of a company).
'in' means one lot of letters goes inside another.
'bar' becomes 'ban' (both can mean to outlaw or block).
'agm' placed inside 'ban' is 'BAGMAN'.

I've seen this clue in The Guardian.
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