816 payments made from Chinese restaurant Mystery of the 144, as boss hit with business banInsolvency Service inspectors still don't know when the restaurant opened, when it shut or how much cash it made and spent12:12, 15 MAR 2017Updated12:56, 15 MAR 2017Get daily updates directly to your inbox+ SubscribeThank you for subscribing!Could not subscribe, try again laterInvalid EmailThe boss of a defunct Chinese restaurant has been banned from heading up any company for five years after being slammed as unfit to run a business.
The Insolvency Service found Kong Yew Cheng, director of The China Banquet Limited, failed to keep proper books ???? ray ban wayfarer or financial records and could not explain much of the firm's finances.The restaurant, on Bury New Road in Whitefield opposite Slattery's ray ban deals bakery and chocolate shop has now shut but mystery surrounds its closure and www ray ban com usa financial affairs.An investigation found Mr Cheng didn't keep adequate accounting records and couldn't explain how the company was run.Insolvency Service inspectors still don't know when the restaurant opened, when it shut or how much cash it made and spent.How often are the Metrolink tram seats cleaned? It's not as often as you might think.The firm's assets and liabilities are unknown. Payments totalling were made from the company's bank account to unknown recipients and the reasons are not clear.The reason for worth of cash withdrawals and who they were made by could not be explained, not could payments totalling made to three people.The firm was incorporated in November 2012 and went into liquidation in January 2015.It is estimated the company was in the red when it was wound down.Mr Cheng has now signed a undertaking preventing him from acting as a company director for five years.88 year old driver questioned by police as dad fights for life after four people hit by carWhen he was told he was unfit to run a business, he did not dispute disqualification proceedings.Head of Insolvent Investigations North at the Insolvency Service Robert Clarke said: "Directors have a duty to ensure that their companies maintain proper accounting records, and, following insolvency, deliver them to the office holder in the interests of fairness and transparency.
"Without a full account of transactions it is impossible to determine whether a director has discharged his duties ray ban 4150 properly, or is using a lack of documentation as a cloak for impropriety."Mr Cheng has paid the price for failing to do that, as he cannot now carry on in business other than at his own risk.".
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