- Tariq Sarwar fraudulently transferred more than £3 million from the sale of a Salford commercial property
- Christopher Francis laundered the money through a network of accounts and companies, returning funds to Sarwar with creditors losing out
- Both men have been sentenced following investigations by the Insolvency Service
Two men who carried out a £3 million insolvency fraud and money laundering scheme have been sentenced.
Disqualified director Tariq Sarwar, 59, knew his company was in financial difficulty and likely to be wound-up when he sold commercial property in Salford – his company’s only substantial asset – for more than £5 million.
Sarwar fraudulently transferred more than £3 million from the proceeds of that…