Compliance Toolkit

Story: Administrators still baffled over Time ownership

Posted by: Anonymous (Friday 12 August 2005, 1:46 PM)

How can they not know of the owners??? If it was a Limited Company, Companies House has records of all Directors and all other companies that they are Directors of. If any Director has not declared all interests, it's a criminal offence. If it wasn't a Limited Company, they only have to look at the accounts and they'll soon know who owns what by the amount of money they have received. What the Administators should be doing at this stage is calling in the Serious Crime Squad. The police should be investigating, making arrests and seizing passports. If it's left too late, we could soon be reading of some of these criminals disappearing, possibly to Dubai...