Dishonest Alcohol Wholesaler Receives 13-Year Directorship Ban

Dishonest Alcohol Wholesaler Receives 13-Year Directorship Ban Company directors have a duty to carry out their functions responsibly and honestly and, when they do not, the courts have broad powers to bring them to book. In one case exactly on point, an alcohol wholesaler was banned from acting as a director for 13 years due to his company’s involvement in VAT fraud. During a period of little more than six months, the company had engaged in over 40 transactions linked to missing trader fraud. A trader higher up the supply chain had failed to account for VAT and the total loss to HM Revenue and Customs (HMRC) came to over…