Former owner of local Jack in the Boxes busted on grand theft charges - Chico Enterprise Record: "A bankrupt Roseville developer who owned Jack in the Box restaurants in Butte County has been arrested on grand theft charges, the Sacramento Bee reported Friday.
Abe Alizadeh has not paid millions in sales and unemployment taxes, according to the state Attorney General's Office, and didn't intend to.
Alizadeh is being held in lieu of $1 million bail in the Placer County Jail in Auburn, according to the newspaper. In 2009, Alizadeh ordered the closure of more than 70 restaurants, including ones in Chico, Oroville and Paradise, as he filed for bankruptcy protection. He owed about $4 million in delinquent state taxes."
The latest European and International business, finance, economic and political news, comment and analysis from Euroland on Credit default swaps,financial Markets.
Pages
▼
Pages
▼
Sunday, 23 January 2011
Top Birmingham businessman made bankrupt with £4m debts - Sunday Mercury
Top Birmingham businessman made bankrupt with £4m debts - Sunday Mercury: "WEALTHY property investor faces having his two luxury Midland homes seized by the taxman after going bankrupt with debts of almost £4 million.
Businessman Inderjeet Saini, 50, used to own the swanky Indian restaurant and nightspot Prana in Birmingham city centre. But Mr Saini has now gone bankrupt after his mobile phone company, TDC Global, went bust and he racked up £3.95 million in debts, including £656,000 owed to the Inland Revenue.
His bankruptcy has been confirmed in court documents seen by the Sunday Mercury.
They show receivers are investigating the collapse and may seize a £2 million home Mr Saini and ex-wife Perm shared in the exclusive Farquhar Road in Edgbaston, as well as another luxury £1.8 million house in nearby Somerset Road.
Mr Saini and his former wife are high-profile members of the Birmingham business community, and are understood to have divorced recently.
He was a former director of a top lettings firm, while Ms Saini ran a separate property company which invested in the Rotunda redevelopment.
Mr Saini was a director of investment firm Claremont Residential Lettings & Property Management Ltd, until he stepped down in 2003."
Businessman Inderjeet Saini, 50, used to own the swanky Indian restaurant and nightspot Prana in Birmingham city centre. But Mr Saini has now gone bankrupt after his mobile phone company, TDC Global, went bust and he racked up £3.95 million in debts, including £656,000 owed to the Inland Revenue.
His bankruptcy has been confirmed in court documents seen by the Sunday Mercury.
They show receivers are investigating the collapse and may seize a £2 million home Mr Saini and ex-wife Perm shared in the exclusive Farquhar Road in Edgbaston, as well as another luxury £1.8 million house in nearby Somerset Road.
Mr Saini and his former wife are high-profile members of the Birmingham business community, and are understood to have divorced recently.
He was a former director of a top lettings firm, while Ms Saini ran a separate property company which invested in the Rotunda redevelopment.
Mr Saini was a director of investment firm Claremont Residential Lettings & Property Management Ltd, until he stepped down in 2003."
Former Blackburn Rovers keeper declared bankrupt
Former Blackburn Rovers keeper declared bankrupt (From Lancashire Telegraph): "BLACKBURN Rovers legend Brad Friedel has been declared bankrupt after racking up debts at his US football academy.
The former goalkeeper and fans' favourite owes the backer of his Ohio-based academy almost £5million, prompting a hearing at a county court in Britain.
A judge at Macclesfield County Court declared Friedel, who left Ewood Park for Aston Villa in 2008, bankrupt after representations from bank RBS Citizens.
However, a source close to Friedel, 39, labelled the bankruptcy order a ‘technicality’ and said it would be annulled at a further hearing next week.
The former USA international is expected to repay the £5million, appeasing RBS Citizens, the American subsidiary of the government-owned British bank."
The former goalkeeper and fans' favourite owes the backer of his Ohio-based academy almost £5million, prompting a hearing at a county court in Britain.
A judge at Macclesfield County Court declared Friedel, who left Ewood Park for Aston Villa in 2008, bankrupt after representations from bank RBS Citizens.
However, a source close to Friedel, 39, labelled the bankruptcy order a ‘technicality’ and said it would be annulled at a further hearing next week.
The former USA international is expected to repay the £5million, appeasing RBS Citizens, the American subsidiary of the government-owned British bank."