Criminal conduct' suspected at Uvine
The administrator brought in to salvage Uvine, the wine exchange company that collapsed last month, has alleged that criminal conduct' may have taken place.
Graham Wolloff of administrator Elwell Watchorn Saxon told Harpers that Uvine's former chairman, Christopher Burr MW, stepped down as a director on 18 September, and left the company eight days later. However, he had already been declared bankrupt on 29 June this year.
Wolloff said: We have had to lay off the rest of the staff, but we are still talking to various people about the prospect of buying the business.'
He said that the amount of money still owed to Uvine creditors was over a million', and that Burr's situation was now a matter for the Department of Trade & Industry.
When asked about the allegations of criminal conduct, Wolloff replied: There are a lot of people alleging it.'
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