Haitham Sabrah and Jihad El Saleh, former directors of Fly Salone Airlines have both been disqualified for seven years for failing to keep proper*records.
Haitham Sabrah of London and Jihad El Saleh of Sierra Leone have been disqualified from acting as directors following an Insolvency Service investigation.
They acted as directors for Fly Salone Airlines Limited which operated flights from London to Sierra Leone. The company traded for four months, from 11 December 2015 to 17 March 2016. On entering liquidation, ?2,072,180 remained outstanding to the company?s creditors.
The directors were disqualified for failing to keep sufficient business records to identify whether payments from the company from 2 February 2016 to 17 March 2016, totaling ?170,913, were genuine company expenditure.
The Secretary of State for Business, Energy and Industrial Strategy accepted an undertaking from Haitham Sabrah effective from 8 September, and Jihad El Saleh effective from 28 September.
Commenting on the disqualification, Martin Gitner, Deputy Chief Investigator of Insolvent Investigations, Midlands & West at the Insolvency Service, said:
Directors have a duty to ensure proper accounting records are maintained, preserved and, following insolvency, delivered up to the insolvency practitioner.
By failing to do this, the public can not be sure that all funds received by the company were used for legitimate purposes.
The Insolvency Service will take action against directors who do not take their obligations seriously and abuse their position of trust.