|
The disgraced chiefs of Imperial Consolidated, the failed UK-based
offshore finance group, are facing bankruptcy after a creditor
issued court proceedings. Deighton International, the
Southampton-based leisure and tourism company, has filed a
bankruptcy petition against Lincoln Fraser and Jared Brook in the
Grimsby County Court.
Mr
Fraser and Mr Brook are believed to owe in the region of pounds
472,000 to Deighton's boss, Philip Deighton, and his wife Joan. The
two men are former directors of Imperial Consolidated, which went
bust last year owing investors some pounds 200m. However, the
bankruptcy does not directly involve the Imperial fiasco. |
|
Excerpt: |
David Marchant,
publisher of the
Offshore Alert
newsletter, who has been monitoring the Imperial scandal, commented:
"As bankrupts, they will not be allowed to participate in the
management of British-based companies. However, they are already
banned as directors yet still operate such firms while the DTI does
nothing. So it should be a case of 'business as usual' even if
Deighton International's petitions are successful." |
