Vakas Hussain was instructed in this case where the defendant pleaded guilty to fraudulent trading under s.993 of the Companies Act 2006 following which Confiscation proceedings were commenced. Initially, the prosecution arrived at a ‘benefit figure’ in excess of £600,000. However, in the end the benefit figure was negotiated down to £86,062.60 and a Confiscation Order was made in the sum of £2,244.20.
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