And we still wonder why Leeds United is in such a mess when we have been
owned by such lovely folk? Bet Morris thought Thatcher was a good old
girl too.
FORMER Leeds United director Simon Morris hid millions of pounds and
gold bars away from creditors in Swiss bank accounts as he was made
bankrupt, a court was told.
Morris faces prosecution under the Insolvency Act over more than £1m of
assets including cash and gold bullion he allegedly hid when his
property business collapsed in 2009.
It is alleged that he failed to declare his estate to the official
receiver between 2009 and 2010.
Lorraine Harris, prosecuting on behalf of the Department of Business,
Innovation and Skills, told Newcastle Magistrates Court yesterday how Mr
Morris came under increasing financial pressure when the Bank of Ireland
began to reconsider loans it had made.
This followed a BBC Panorama documentary about him in 2008.
Ms Harris said Morris, who gave his address as Wetherby Road, Bardsey,
sold properties and moved cash and gold bullion to Credit Suisse bank
accounts.
No pleas were entered and Morris was granted unconditional bail. A
further hearing will take place next month.
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