Jan Maarten Asscher and Mark Timothy Walker have a combined total of 70 years trading in the diamond industry. Clarity Diamonds was incorporated in 2014, however in June 2017 the company entered Creditors Voluntary Liquidation with debts of over £1 million.
Mr. Asscher has signed a disqualification undertaking after being found guilty of falsifying sales invoices. He is banned from running limited companies for 11 years, his director, Mr. Walker, has been banned for 9 years as he allowed the production of these false documents.
An investigation into the directors brought to light that Mr. Asscher caused the company to falsify sales invoices in relation to bespoke diamond jewellery. The value of these invoices came to a total of US$1.75 million.
Marc Symons, Deputy Head of Insolvent Investigations said:
‘Directors have a duty to maintain accurate records. In this case, the false invoices have resulted in outstanding debts to creditors of more than £1.1 million. These diamond dealers have received substantial bans, and this should serve as a warning to others who are remiss in their director’s responsibilities.’
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