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Looks like money-laundering and a bunch of scammers to the casual observer - the crooks will no doubt be partners in new firms by now and safe from any repercussions?
How many small suppliers will now be hit by this? Once again we also see eye-watering sums 'earnt' by administrators and solicitors feasting off the carcass like the vultures they are, leaving those owed money to try and suck marrow from the bare bones...