Director disqualified 7.5 years for £13.9m unauthorised overdraft scheme
Oldcocdt Ltd · Logistics / Transport Services
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Ownership / related-party links
Connected companies and family relationships controlling fund recipients
Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.
Bank credits vs books
Overdrafts not authorized on company books or approved by bank terms
Can mislead when: AA only sees the accounts the company links, so an undisclosed account stays invisible. Cash-heavy businesses and timing differences create false flags.
Where Kubr services would have helped
Financial diligence
Offered in India- C1 Overdrafts not authorized on company books or approved by bank terms
- C3 Connected companies and family relationships controlling fund recipients
Portfolio monitor
Offered in India- C1 Overdrafts not authorized on company books or approved by bank terms
- C3 Connected companies and family relationships controlling fund recipients
Borrower monitor
Offered in India- C1 Overdrafts not authorized on company books or approved by bank terms
- C3 Connected companies and family relationships controlling fund recipients
Proceeds tracer
Offered in India- C1 Overdrafts not authorized on company books or approved by bank terms
- C3 Connected companies and family relationships controlling fund recipients
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.