Drugs Company Boss In £3m FraudThursday, 3rd March 2016 at 9:47am
The Evening Standard reported that a drugs company boss who submitted bogus invoices for pharmaceuticals to HSBC – totalling £3.1 million – is facing jail.
Baljit Brad used his Enfield-based firm Lister Pharmaceuticals to set up a “factoring” deal with the bank for the sale of large batches of medication.
HSBC agreed to collect the debts for Brad, but when it tried to get the money, it discovered the deals had been faked.
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