Equipment Finance News Six charged in UK investigation into purchases from Total Asset Ltd Published: 9th January 2015 Share Six individuals, who have been charged with conspiracy to commit fraud, yesterday appeared at Westminster Magistrates’ Court in relation to a Serious Fraud Office investigation into the purchase of alleged false and inflated receivables agreements by KBC Lease (UK) Ltd (KBC) and Barclays Asset Finance from Total Asset Ltd (TAL). Stephen Dartnell, George Alexander and Kerry Lloyd, formerly of TAL, Elfed Thomas and Carl Cumiskey, formerly of H2O Networks Ltd, and Simon Mundy, formerly of KBC, were charged with conspiracy to commit fraud by false representation in connection with the purchase of a number of agreements by KBC and Barclays Asset Finance from TAL. Dartnell, Mundy and Lloyd were also charged with conspiracy to give corrupt payments in connection with the same agreements, which were referred by KBC to the Serious Fraud Office in October 2010. The defendants will appear at Southwark Crown Court, London on 22 January. Asset Finance Connect Asset Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories NewsUS equipment finance industry confidence unchanged in July Corporate Member NewsClose Brothers backs new 27MW battery storage project in Scotland Newsabcfinance securitisation with EIF and KfW unlocks €380m for German SMEs Equipment Finance
