Manufacturer Gets 8-Year Ban For Abusing Loan Agreement
ADVERTISEMENT ADVERTISEMENT Manufacturer Gets 8-Year Ban For Abusing Loan Agreement Law360, London (February 1, 2021, 2:32 PM GMT) -- A metals manufacturer in England who stole more than £510,000 ($698,000) by diverting customer repayments meant for a finance company to himself has been banned from acting as a director for eight years, a government agency said Monday. The Business Secretary accepted a disqualification undertaking from Daniel Knowles on Jan. 5, the Insolvency Service said. Knowles, from Worcestershire in western England, did not dispute that he misused a finance agreement by...