Qasim Ali Munir, director of Farman Homes Limited, a construction company based in Edgeware, Middlesex, has been disqualified for 13 years for using false documents for personal gain, following an investigation by The Insolvency Service.
Mr Qasim Ali Munir, 37, from Stanmore, north west London, has been disqualified from acting as a company director until February 2026. Mr Munir was also known as Asim Ali, Ali Munir and Munir Qasim Ali.
Farman Homes was placed into administration on 19 March 2010, owing creditors approximately 500,000.
The Insolvency Service investigation found that Mr Munir had provided a false document to HM Land Registry, via his solicitors, in order to release a charge held by Farman Homess bank on a property he had purchased from Farman Homes. By releasing the charge, Mr Munir managed to ensure that the sale proceeds from the property were paid to him and his associates and not to the bank.
In addition, Mr Munir had failed to co-operate with Farman Homes administrators and failed to deliver up any of Farman Homes accounting records. As a result it was not possible to verify certain aspects of Farman Homes trading or to establish its assets and liabilities at the date of administration.
Claire Entwistle, Director of Company Investigations North for The Insolvency Service, said:
Submitting false documents for personal gain is a very serious matter and the courts rightly treat it as such. Directors who fail to do right by their creditors will be in our sights.
The Insolvency Service will seek to remove them from the business environment.