The jewellery tycoon, alleged to have orchestrated a £170m scam which defrauded a legion of wealthy investors, will be declared bankrupt if a bid by his former company’s liquidators is successful.
Sky News has learnt that insolvency practitioners in charge of probing the demise of Vashi, a luxury diamond jeweller which had shops in some of London’s most prestigious addresses, have served a statutory demand on its founder, Vashi Dominguez.
The demand, which is seeking the repayment of just over £17,500, is expected to be made public later this week, nearly three years after the company collapsed in mysterious circumstances.
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Mr Dominguez, whose whereabouts have been…