Keydata founder Ford lent millions to Elias company

Stodell, Hannah
July 2009
Money Marketing;7/16/2009, p8
The article reports on the loaned millions of pounds of financial firm Polymer Vision Ltd. (PVL) run by David Elias to Keydata founder Stewart Ford before the firm became insolvent in Great Britain. The court reveals that Ford advanced 2 million pounds with the worth of 1.2 million pounds value of a bond to PVL and followed by 600, 000 pounds in December 2008. The High Court decides that Ford's concern advanced to substantial monies and secure all liabilities owned by the firm to Ford.


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