Vasile Hrusca, a company director, was sentenced to an 18-month suspended prison term for theft and fraud after he removed company property in anticipation of liquidation. He sold equipment and used company funds to settle debts for personal assets, including a luxury Audi. His fraudulent actions led to significant losses for creditors, prompting a stern response from the Insolvency Service. Hrusca has been disqualified from being a company director for four years, highlighting the serious legal consequences of such misconduct.
"These actions quite clearly are not what we expect of company directors and we will continue to take robust action against anyone who attempts to deprive creditors of such significant sums of money."
"He never settled his other hire purchase agreements and also failed to deliver books to the liquidator."
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