You are here: Manchester Confidential › News.
THE management company accounts of Asia House are being investigated by police as part of an on-going fraud investigation.
Two men, aged 47 and 43, were arrested on suspicion of fraud and have been bailed till March 2015.
Confidential understands that bills have not been paid, the reserve fund is empty and a substantial six figure sum cannot be accounted for.
Owners were given the shock news at a hastily called residents meeting in the Princess Street building last month.
Three years ago the financial management of the company was handed over to The Entrusted Group, a company run by one of the resident directors, Stephen Day.
The company had control of the finances from January 2012 but concerns were raised when various contractors complained they were not being paid.
According to records from Companies House Mr Day was removed as a director on 23 September this year.
Last month’s residents meeting was called by managing agents RMG which has responsibility for the building’s day to day site management and customer service.
Given the circumstances RMG could only give a cautious statement when approached by Confidential. It said: "We were recently instructed by the board of Asia House to run their financial affairs following this ongoing police investigation. We are working closely with the directors to support them and to make sure that there is minimum disruption to their on-site property management service."
Greater Manchester Police confirmed that its Fraud Investigation Team has arrested two men in connection with an ongoing investigation into fraudulent activities of a number of limited companies including the Entrusted Group.
The two men, aged 47 and 43, were arrested on suspicion of fraud and have been bailed till March 2015 pending further enquiries.
According to its website The Entrusted Group has offices in five locations across the UK with its HQ based at Flint Glass Works in Manchester.
None of the offices have been answering calls and the number in Cambridge said the Group had not been based there for twelve months.
Like what you see? Enter your email to sign up for our newsletters which are chock-a-block with more great reviews, news, deals and savings.
5 comments so far, continue the conversation, write a comment.
Know your username(which is same as your employee number) Now click this link. And complete your…
Read moreI grew up there and knew Jeannie glynn and Clifford my friend is the girl that Clifford was crying…
Read moreRepeating,without any evidence the same point that socialism = public services is hardly…
Read more© Mark Garner t/a Confidential Direct 2019
Privacy | Careers | Website by: Planet Code | SEO by The eWord
Perhaps the Fraud Investigation Team should pay a sly visit to the offices of Guinness Northern Counties. It seems like money seems to go 'missing' from their Customers' accounts on a regular basis (India House for instance).
Hmmmmmmmmmm I was thinking the same did these people 'work for GNC'?????
This is the tip of the iceberg as far as Stephen Day is concerned......the GMP Fraud Investigation Team are going to very busy investigating this conman
vile people, hope they get imprisoned and the money gets recovered. also please investigate GNC!
www.thegazette.co.uk/…/2226186… Creditors meeting today at 11am