Fraud Caused Harborough Company’s Collapse

The former finance boss of a Market Harborough holiday firm that went bust has been disqualified from being a Director of any company for eleven years.

Jamie Tann (37) used £714,000, belonging to Diamond Shortbreak Holidays, to pay into his own bank account and that of a third party, by creating false payment requests.

He also invested larged amount of the money in failed foreign exchange deals.

The company collapsed into administration in March 2017 with the loss of 52 jobs in Market Harborough and 26 in South Africa, with ‘financial difficulties’ blamed.

It was later liquidated owing creditors over £10m.

The Insolvency Service has taken the action against Tann, who used to live in Wilbarston, but now of Wallasey, Merseyside, who worked for Diamond Holidays from June 2013, until the company closed down.

The government agency says he misappropriated funds between March 2015 and January 2017.

Martin Gitner, Deputy Head of Insolvent Investigations for the Insolvency Service said: “Jamie Tann was appointed to a position of trust at the company.

“However, he used that privilege to misuse hundreds and thousands of pounds on what turned out to be unsuccessful foreign exchange trades.

“11 years is a substantial ban and should serve as a warning to others that if you misuse company funds then we can have you struck off the register of company directors.

• Police say a man arrested on suspicion of fraud following the company’s collapse remains under investigation.