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April 21, 2010updated 12 Apr 2017 4:24pm

Directors behind Global EPP to appear in court

Former Global EPP directors Max Fraser and James Randall will appear before Leicester Magistrates Court tomorrow, on charges of conspiracy to defraud financial institutions and fraudulent trading. The hearing comes after a lengthy police investigation into the alleged multiple finance fraud that took place at the Leicester-based plastics forming company before it went into administration in 2007.

By Fred Crawley

Former Global EPP directors Max Fraser and James Randall will appear before Leicester Magistrates’ Court tomorrow (April 22) to face charges of conspiracy to defraud financial institutions and fraudulent trading.

The hearing comes after a lengthy police investigation into the alleged multiple finance fraud that took place at Leicester-based Global before it went into administration in 2007.

In addition to Fraser and Randall, who have each been disqualified as directors for 14 years, a man and a woman with the surname Liversidge will also appear in court, charged with conspiracy to defraud financial institutions.

According to the Insolvency Service, between 176 and 188 extruders were bought by Global between 2002 and 2007. In the fiasco following the company’s going into administration, 11 asset finance providers were left looking for £37.3 million in debts, with only 111 extrusion lines to be found on Global’s premises.

Fred Crawley

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