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.
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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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