Indian-origin lettings boss who wanted to run for London Mayor guilty of fraud- The Week

London, Feb 19 (PTI) An Indian-origin boss of a property lettings company in Essex, south-east England, who wanted to contest to be elected Mayor of London, has been sentenced for fraud following investigations by the UK’s Insolvency Service.      Ghanshyam Sarup Batra, also known as Shyam Batra, had announced his intention to stand as an independent candidate in…

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Four companies linked to scheme which helped directors walk away from debts and undermine insolvency legislation are shut down

Four companies have been shut down after investigations revealed they were connected to a scheme which helped directors sell struggling businesses for £1 while keeping assets and dropping debts The scheme’s operators failed to preserve accounting records or assess what had happened to the more than £18 million in combined assets of 75 companies they…