In this month’s round-up of director bans, tax evasion and accounting fraud, fashion boss jailed as accounts unravel, drinks company that falsified accounts faces £300k collapse and administration services firm boss banned for £373k VAT fraud
Fashion boss jailed as accounts unravel
The boss of a Leicester clothing manufacturer has been jailed for six months after failing to provide adequate company accounting records, or to pay £300,000 in tax.
Ezazali Namaji was the sole director of Miss Pebbles Clothing Ltd, a cut and trim garment manufacturer incorporated in February 2015.
The company traded from premises in Leicester, and employed up to 50 people until March 2016 when Namaji placed the business into liquidation, owing the funds to the tax authorities and a further £44,000 to other creditors.
A subsequent Insolvency Service investigation found he had not kept adequate accounting records, which meant the liquidator could not ascertain where cheque and debit card withdrawals totalling more than £983,000 had been spent.
