London Capital & Finance High Court Judgement about GST
The full High Court judgement for the case brought be Global Security trustees to reverse the administrators decision about formation of the Creditors Committee is available at the link below http://www.bailii.org/ew/cases/EWHC/Ch/2019/3339.html A really important part of the summary explains the sums of money paid to the 4 individuals connected to LCF that total nearly £20 million. These are in section 7. The concerns raised by the Administrators in their report about transfers made to connected individuals are illustrated by the table below. Nearly £20 million of bondholders' money was transferred either directly or indirectly to the four individuals concerned. Transfers out Mr Barker /FONT> Mr Hume- Kendall Mr Golding Mr Thomson /FONT> Charges Total out Date £ £ £ £ £ £ 22/06/2018 411,675.00 2,332,825.00 2,332,825.00 411,675.00 11,000.00 5,500,000.00 03/07/2018 150,448.50 709,827.50 709,827.50 351,296.00 3,850.50 1,925,250.00 23/07/2018 374,250.00 2,120,750.0...