Farman Homes was placed into administration on 19 March 2010, owing creditors approximately 拢500,000.
An investigation by the Insolvency Service found that Mr Munir 鈥� 37 and from Stanmore 鈥� had provided a false document to HM Land Registry, via his solicitors, in order to release a charge held by Farman Homes鈥檚 bank on a property he had purchased from Farman Homes. By releasing the charge, Mr Munir managed to ensure that the sale proceeds from the property were paid to him and his associates, and not to the bank.
In addition, Mr Munir had failed to co-operate with Farman Homes鈥� administrators and failed to hand over any of Farman Homes鈥� accounting records. As a result it was not possible to verify certain aspects of Farman Homes鈥� trading or to establish its assets and liabilities at the date of administration.
Insolvency Service investigations director Claire Entwistle said: 鈥淪ubmitting false documents for personal gain is a very serious matter and the courts rightly treat it as such. Directors who fail to do right by their creditors will be in our sights.
鈥淭he Insolvency Service will seek to remove them from the business environment.鈥�
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