Directors of companies that have been dissolved or placed into voluntary or compulsory liquidation may soon face heightened scrutiny regarding the use of funds loaned to their companies under various Government-backed Covid loan schemes.
Last month, the Insolvency Service announced it would take over ongoing Covid-related fraud investigations previously conducted by the National Investigation Service. This move signals a more centralised and rigorous approach by the Government’s insolvency agency in pursuing criminal and civil penalties against directors suspected of fraudulent claims or misuse of loans and financial support provided during and immediately after the pandemic.
At Talbots, our experienced legal team regularly represents directors in complex criminal and civil proceedings, including director disqualification and compensation order cases. If you are a company director currently under investigation by the Insolvency Service, we are here to provide expert advice and robust representation.
Fill out the contact form below to discuss how we can assist you or call our team on 0800 118 1500.
Disclaimer
The contents of this blog or any other published by Talbots Law cannot be considered as legal advice. You should take no action without prior consultation with a qualified solicitor or legal professional. The contents of this blog refers to the process in England and Wales.
This blog is written by Stuart Turner, a Director in our Insolvency team.