Disqualified director jailed over £3m fraud

Two men who carried out a £3 million insolvency fraud and money laundering scheme have been sentenced. Disqualified director Tariq Sarwar 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…

Magnicharters Workers Set June 30 Strike Amid Insolvency

Workers at Mexican airline Magnicharters are preparing to launch a strike on June 30 as labor negotiations remain stalled, adding another layer of uncertainty to the carrier’s ongoing insolvency proceedings and prolonged suspension of operations. The Sindicato Asociación Mexicana de Trabajadores de Autotransportes, Aero-Transportes, Similares y Conexos de la República Mexicana, which represents Magnicharters employees,…

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