Two former directors of a hotel and conference centre in Scotland have been disqualified in their absence after they failed to co-operate with an investigation by the Insolvency Service.
Anthony Martin Rea and Nadia Wright, both former directors of the Dalziel Park hotel and conference centre in Motherwell, Lanarkshire, were banned from acting as company directors for a total of 16 years.
Rea, whose last known address was in Redcastle, County Donegal, was disqualified for nine years. The order was made in the public interest in relation to his conduct as a director of Rea Property and Developments and Dalziel Park Hotel and Conference Centre.
On 15 September 2010 the Hamilton Sheriff Court heard that Rea failed to co-operate with an investigation into whether or not a string of transactions totalling several hundred thousand pounds for Rea Property and Developments were legitimate.
The Insolvency Service said that it was also not possible to verify whether or not the proceeds from the sale of Dalziel Park Hotel and Conference Centre had been dispensed for the benefit of the company and its creditors or if the transactions on the company bank account were lawful.
Wright, whose last known address was in Airdrie, Lanarkshire, was banned for seven years and Hamilton Sheriff Court found that she had failed to co-operate with the investigation and in the absence of the company books and records. It has not been possible to establish what happened to hundreds of thousands of pounds in cash generated from the sale of company assets, nor to explain why cheques for significant sums of money were withdrawn from the company bank account. The transactions were to the detriment of the company's creditors, which, at March 2008, were owed over £80,000.
Commenting on the case, a spokesperson for Company Investigations, Edinburgh, said; "Mr Rea and Ms Wright both tried to hide their whereabouts from the Insolvency Service in an attempt to prevent this investigation. The couple refused to co-operate with investigators and failed to show up in court. However the disqualifications made in their absence should offer the public and other company directors reassurance. If you run a business in a dishonest and reckless way, the Insolvency Service will remove you from the world of business."
By Neil Gerrard
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