The director of a Birmingham-based fireworks retailer has been sentenced to four years in prison for multiple fraud and forgery offences.
Investigations by the Insolvency Service uncovered a series of fraudulent activities linked to Raashid Khan’s business, Ikandy Wholesale.
The 29-year-old forged documents to evade payment of £75,000 for fireworks and to unfreeze his business bank account.
He also fraudulently secured a £50,000 Covid Bounce Back Loan just before his company entered liquidation and withdrew more than £60,000 from company funds after it had been wound up by the High Court.
Ikandy Wholesale traded in bulk goods, including fireworks and meat.
In 2019, Khan opened a trade account with a fireworks…
