63-year-old was the head of Xenex Developments, which went
bust owing nearly £7m and was found to have accounting issues.
He was then banned from being a company director, but it’s
been found he was a member of a LLP media company which is also being
investigated by HMRC.
The magistrate said the breach wasn’t “malicious” but
ordered him to pay court costs and a surcharge of over £2,500.