cough Kids Company
I read something about them the other day, I suspect we may see something similar happening with TRAs in the future.
Kids Company, which helped troubled children in south London, was given £42million of public money, including £3million sanctioned by David Cameron just days before its collapse in 2015
But an inquiry found an ‘extraordinary catalogue of failures’ at the charity and now the Insolvency Service is trying to impose a six-year ban on Batmanghelidjh being a company director
At a preliminary court hearing yesterday, Batmanghelidjh argued she should escape blame because although she was ‘heavily involved’ in the charity, she was ‘not involved in the governance
Her solicitor, James Nicholls, complained that ‘stones are being thrown at her by the official receiver’, who has amassed 56 lever arch files of evidence, which he described as ‘a plethora of noise’.
[ ]Batmanghelidjh and the board directors might blame each other for the collapse, to which Deputy Insolvency and Companies Court Judge Middleton replied: ‘It does have the “cut-throat” feel about it doesn’t it?’