Photographed in front of a Breitling marketing board, there’s a fair chance the watches were loaned for the occasion. I hope so.
The pensions fraud guys seem to move slowly. The scuzzer who took over BHS in 2015 -from the previous questionable fellow- closed it down in 2016 and didn't end up in a jam with the pension police until four years later. Now he has a bill for £19.5million plus £50,000 fine and £37,000 court costs. Whether they will ever get the money out of hm is another question. https://www.theguardian.com/busines...-dominic-chappell-ordered-pay-pension-schemes
I’d hazard a guess SG was preparing to move things into a newco and leave the debts in oldco but got caught out by Metro Bank striking first. Maybe MB even got wind of it leading to their strike with BDO
Maybe justice is possible as this case seems to be going that way; https://www.bbc.co.uk/news/uk-scotl...d_shetland&link_location=live-reporting-story
I would assume the latest name change is a bit 'iffy', not least because it just adds confusion. Putting the company into his wifes name is likely due to him not being able to be a director of any companies for a while, since the others he is a director of going tits up. It would be nice to get a decent family tree type diagram of the relationships between the companies, which ones own which assets / liabilities, etc
Within the Administrators armoury is the ability to legally reverse any transactions carried out by the directors within the last 12 months which appear to have been done with the intent of moving assets and/or depriving the creditors. Thus, if SG was doing something underhand BDO can undo it.
As Stuart Garner is said to be a Trustee of the pension fund, he possibly has some personal liability for those losses. If he has any assets to forfeit?
He should be banned for life for running another company & all his assets sold,and place him in a tent underneath the arches for the rest of his days for good measure.
