In this month’s scandals, convictions and penalties, a former insurance CEO fined for shifting pay into wife’s name and tennis star gets 12-year extension to bankruptcy order
Former tennis champion Boris Becker has been given a 12-year extended bankruptcy restriction following the Official Receiver’s investigation into assets and transactions.
The former world number one professional tennis player who first broke into the spotlight when he won Wimbledon at 17, has been given a further 12-year bankruptcy restriction after the Official Receiver investigated undisclosed transactions occurring before and after the bankruptcy proceedings, totalling over £4.5m.
The bankruptcy order imposed a statutory duty to provide a full disclosure of assets to the trustee and the requirement to inform lenders of a bankruptcy when seeking to borrow more than £500. He was made bankrupt on 21 June 2017 in the High Court following a creditor’s petition presented against him on 28 April 2017.
