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Collapsed IFA firm bosses face insolvency investigation
by William Robins on Mar 26, 2013 at 10:40
The directors of liquidated IFA Bentley-Leek Financial Management (BLFM), who ran a failed £47 million property vehicle, are being investigated by the Insolvency Service.
The investigation follows a report by BLFM’s liquidator, B&C Associates, and Bentley-Leek Properties’ (BLP) administrator, BDO.
It will examine the conduct of BLFM directors Mark Bentley-Leek and Mustafa Dervish, who were also directors of failed property investment vehicle BLP.
New Model Adviser® has seen a letter from the Insolvency Service to an investor with a claim against ‘one or both of these companies’. It reads: ‘Following the submission of a conduct return in these cases to the Secretary of State, the Insolvency Service is investigating the conduct of the directors, Mr Mustafa Dervish and Mr Mark Bentley-Leek.’
Dervish said: ‘As far as I am aware, whenever a company goes into liquidation the authorities will investigate.
‘I think you will find these are the same questions everyone else is asking.’
Bentley-Leek could not be reached for comment.
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by William Robins on Dec 05, 2013 at 12:46