Birmingham man used firm’s Covid money for shopping and days out

Dar deliberately made false representations to fraudulently receive three loans, chief investigator at the Insolvency Service David Snasdell stated. He added: “Instead of using this money to support his fitness business through the pandemic as intended, he diverted significant sums for personal spending.” Dar made fraudulent applications to three banks for Bounce Back Loans during…

Insolvency Service launches strategy to tackle crime

The Insolvency Service has announced ambitious and transformational plans to play a more prominent role in the fight against economic crime and be recognised as the UK’s leading authority in enforcing corporate and insolvency standards. The strategy commits the agency to broadening its remit, taking robust action against criminals who defraud businesses and taxpayers, and…

Former partner of broker Bloxham is declared bankrupt

Martin Harte had left the firm years before its 2012 collapse Bloxham Stockbrokers collapsed in 2012. Stock image: Getty Martin Harte, a former partner with Bloxham Stockbrokers, which collapsed in 2012, has been declared bankrupt, according to the latest issue of Iris Oifigiúil. The Dublin-based fund manager resigned from the firm in 2006 at the…

Direct-to-consumer MTB brand YT faces insolvency

File photo. YT Industries announced that the company is entering into a “self-administrated legal restructure” after struggling to secure additional funding. The direct-to-consumer German mountain bike brand was founded by Markus Flossman in 2008 with a focus on providing hard-hitting, quality mountain bikes at affordable prices, for young riders in particular. Flossman provided an update…