Bankrupt Director Of Investment Co. Banned For 11 Years

Law360, London (March 10, 2020, 5:21 PM GMT) -- A bankrupt boss who continued to run an investment company and transferred nearly £4 million ($5.1 million) out of it despite restrictions that had been placed on him has been banned from acting as a director for 11 years, a government agency said Tuesday.

Judge Catherine Burton handed Neil Burns an 11-year director disqualification on Feb. 10, the Insolvency Service said. The ban, which was effective from March 3, was handed down at the High Court in London in Burns’ absence as he did not attend the sentencing.

Burns was a director of B52 Investments Ltd., even though he was bankrupt. Not...

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