Paul Vanderhook, director of a wine investment company, who raised £23m from investors and mis-managed the funds 'on a colossal scale', has been banned as a director for nine years for failing to keep proper company records, following an investigation by the Insolvency Service (IS). His company, Bordeaux UK, took £23m from investors between 2008 and 2011 of which only £4.6m was invested in wine. The company went into creditors' liquidation on 30 November 2011 with debts of £10m but with only £1.7m of wine available. Vanderhook benefited from £2m while £13m cannot be accounted for due to missing records, according to liquidator Nedim Ailyan.
展开▼
