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Jamie-Law
Jamie-Law, Solicitor
Category: UK Law
Satisfied Customers: 5001
Experience:  Solicitor
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If one director steals money from a company then pays it

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If one director steals money from a company then pays it back and also loans the company more money has a crime been committed
JA: Are you in the UK or are you in the States?
Customer: UK
JA: What action has been taken so far? What's your ideal outcome?
Customer: Director one has resigned my ideal outcome would be to make sure the loan money is protected
JA: Anything else you want the lawyer to know before I connect you?
Customer: No

Hello my name is ***** ***** I will help you.

Yes, this is still theft by the Director. Regardless of whether it is paid back it is still theft.

Can I clarify anything for you about this today please?

Customer: replied 4 months ago.
if the director loans the company money on top of paying the stolen money back, before he forced to resign how can he protect the loaned money

It will be in the Directors loan account, so will be protected.

Does that clarify?

Customer: replied 4 months ago.
can i recall the loan even if it would make the company insolvent, or can i set up re payment terms

Yes you can. But it would still stay on the Director loan account

Does that clarify?

Customer: replied 4 months ago.
how do you mean it would stay on the directors loan account, if the moneys paid back there would be no loan

Yes but if money is leant, then it will go there.

Does that clarify?

Jamie-Law and 4 other UK Law Specialists are ready to help you

I dont think your number is ***** correct?

Customer: replied 4 months ago.
sorry i forgot one digit it should be 079 422-65336
Customer: replied 4 months ago.
just wondering if you got my updated phone number

Yes. I will call shortly.