Baljinder Chohan, founder of UK Property Fund Managers Limited (UKPFM), has been disqualified after an Insolvency Service investigation.
The fund management company had plans for a £1bn property fund in 2005 but the company was wound up in September 2005 after an investigation by the Companies Investigation Branch of the Insolvency Service.
Chohan was given a four-year ban but has leave to continue as a director of an associated company, UKLI Limited, which sells undeveloped land. Chohan’s spokesman said in a statement that Chohan was disqualified in relation to UKPFM Limited which had never traded and whose only action was to draft a prospectus that was incorrect. There were no allegations of any improper conduct in relation to UKLI, the statement read.
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