Insurance fraud lands boss 12-year bankruptcy restrictions
A Spalding company director who submitted fraudulent insurance claims for stolen agricultural equipment has received a 12-year bankruptcy restrictions order.
Under the conditions of the order,
The court heard that
On
The claims were paid out but the insurer became concerned over the second claim and withheld part of the payout while investigations were undertaken.
In an interview with a private investigator on behalf of the insurer,
Although
Legal proceedings were issued against him in
Unable to pay the judgement order, bankruptcy proceedings were filed against
Bankruptcy restrictions are usually lifted after 12 months but, given the nature of
On
Gerard O'Hare, Official Receiver for the Insolvency Service, said:
"This kind of behaviour from a company director is unacceptable, and it is only fitting that
"This result will protect the business community, and act as a warning to other directors of the penalties for fraud."
SOURCE The Insolvency Service,
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