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£91,000 DIVERTED: Stanmore developer jailed for transferring customer payments into his own account

 Published on: 25th November 2020   |   By: Holly Bullen   |   Category: Uncategorized

A developer from Stanmore has been jailed for 27 months after he diverted £91,000 of customer payments to his personal account.

Vijay Madhaparia was sentenced to 27 months in prison at Harrow Crown Court on Wednesday, November 11 after he falsified documents from tax authorities.

The court heard that Vijay Madhaparia was director of Laxmi Development Limited, a building development company incorporated in 2010, which was based in North-West London.

However, Laxmi Development was placed into compulsory liquidation in 2015 after it was found that the company had failed to pay £124,000 to tax authorities which later amounted to £4.4million.

After further investigations, it was found that Madhaparia had been disqualified by the court in 2012 for three years after committing health and safety offences.

Despite this he continued to act as director until the company was dissolved in September 2013.

Further enquiries revealed that Vijay Madhaparia had taken on two renovation contracts in 2015 and he did so without informing the official receiver. 

Vijay Madhaparia then proceeded to take £91,000 worth of payments for the renovation works which he had spent on holidays and gambling, preventing his creditors from being paid.

In court, his conduct was described as “a sustained, deliberate and repeated pattern of calculated deliberate deceit and dishonesty committed over a number of years” by the judge.

Ian West, chief investigator for the insolvency service, said: “Vijay Madhaparia has been jailed for a significant amount of time after the court recognised the severity of his numerous misconduct offences.

“His sentence should serve as a stark warning to other directors that you could be criminally prosecuted for offences against insolvency and company director law.”

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