A director from Oldham who owned a company in Merseyside has received a lengthy ban after hundreds of thousands of pounds has seemingly 'gone missing'.
Majadur Rohim of Lincoln Street in Oldham established his restaurant in 2019 on Market Street, Newton-Le-Willows, and was the only person listed as having significant control over the management of the company on Companies House.
Initially registered as Taste of India NW Ltd in September 2019, two days later Mr Rohim changed the name to Blue Tiffin Ltd, which has no affiliation with the Blue Tiffin restaurant in Oldham.
While the company was liquidated over a year ago, the Insolvency Service further disqualified Mr Rohim for a period of six years starting January 10, 2023, after it emerged he "failed to ensure that Blue Tiffin Limited maintained and/or preserved adequate accounting records".
The case notes reveal the 46-year-old had failed to deliver records to the liquidator, meaning it has not been possible to trace the whereabouts of £220,935 that had been withdrawn from Blue Tiffin's bank account.
A chunk of the missing money had been obtained through a Bounce Back Loan on May 21, 2020.
Such loans were made available for businesses across the country as of May 5, 2020, to help companies recover from the economic damage brought on by the pandemic.
Yet in Mr Rohim's case, it has not been possible to determine where the funds went and whether or not the cash withdrawal was used for the economic benefit of the business.
The Insolvency Service also said it was unable to determine whether Blue Tiffin should have registered for VAT based on its turnover and what liability, "if any", was due to HM Revenue and Customs in regard to corporation tax, value added tax, pay as you earn and national insurance contributions.
Blue Tiffin Ltd was subsequently dissolved on November 26, 2021.
Mr Rohim has been approached for comment.
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