VAIDS

Wednesday, October 14, 2015

City Link former directors proceedes trail in November

They will be tried at Coventry Magistrates' Court on 5 and 6 November. 

 
An Insolvency Service spokesman confirmed that "criminal proceedings have been commenced against David Smith, Robert Peto and Thomas Wright".


"We will not be commenting until the criminal proceedings have been concluded," they added.
The Insolvency Service said that the Department for Business, Innovation and Skills (BIS) was bringing the prosecution on its behalf. 

Coventry-based City Link, owned by investment firm Better Capital, called in administrators on Christmas Eve 2015 after "substantial losses".
On New Year's Eve it announced 2,356 job losses after a bid to buy the company failed. A week later it announced a further 230 redundancies.

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