Bankrupt landlord jailed for hiding rental property from trustees
50-year-old Sukhi Sanghera from Leamington Spa has been jailed for eight months after he failed to disclose rental property to his trustees.
A bankrupt from Leamington Spa has been jailed for eight months after he failed to disclose rental property to his trustees.
Sukhi Sanghera appeared at Warwick Crown Court on Thursday last week where he was sentenced before HHJ Berlin after he was charged with four counts of fraud.
DEBTS
The court heard that Sukhi Sanghera (50) was made bankrupt in August 2017 by order of the County Court in Warwick, with debts of over £140,000. The Official Receiver was appointed trustee before other trustees were appointed to administer Sukhi Sanghera’s affairs.
As part of his bankruptcy, Sukhi Sanghera, also known as Sukhwinderjit Singh Sanghera or Sukhwinder Singh Sanghera, was obliged to disclose all his assets to the Official Receiver and his trustees, including property.
But Sanghera failed to disclose to either set of trustees that he was the sole owner of a rental property in Coventry which yielded a monthly rental income of £1,900.
RISK
Due to the risk he posed to creditors, the Official Receiver previously sought further bankruptcy restrictions against Sukhi Sanghera.
In August 2019, the Secretary of State accepted a 10-year bankruptcy restrictions undertaking from Sukhi Sanghera after he did not dispute that he failed to disclose the property to the Official Receiver.
Sanghera was a profoundly flawed and dishonest man.”
Upon sentence, the judge commented that Sukhi Sanghera was a “profoundly flawed and dishonest man….who showed a flagrant disregard for the law and authorities.”
EIGHT MONTHS
Sukhi Sanghera received eight-month sentences on all four charges contrary to the Fraud Act 2006 and will serve them concurrently.
Glenn Wicks, Chief Investigator for the Insolvency Service, says: “At multiple points Sukhi Sanghera had the opportunity to be honest and disclose to his trustees that he benefited from a rental property. Instead, Sukhi Sanghera went to great lengths to conceal the property in Coventry through fraud and deception to avoid paying his creditors what they were owed.”
