Travel agent boss, jailed after covering up £380k fraud
A travel agent has been jailed amid claims he tried up to cover up a £380,000 fraud involving his crashed Birmingham firm.
Most of the cash was owed to a single creditor of Sunil Kumar Ralhan’s company, Travelogue Ltd.
The 37-year-old was the sole director of the firm, which was liquidated in May 2015 after it failed to recover cash from travel agents based abroad which had bought tickets through the company.
But Rehman had failed to keep proper accounts and did not share them with either insolvency workers or investigators from the Insolvency Service.
Checks revealed what the Service called a “deficiency in the liquidation” of almost £380,000 – said to have been a cover-up to mask a fraud.
Failure to deliver information requested by the liquidator while winding up a company is evidence of misconduct.