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LONDON, UK: The UK’s Insolvency Service in London has announced its disqualification of the director of a London-based dental clinic. India-born Dr Tapeshwar Anand of Q Healthcare, which traded as Q Clinic in Harley Street, was found to have breached his fiduciary duties to the company and failed to act in the best interests of the company and its creditors, the service said.
It further said that Anand has signed an undertaking to be disqualified as a director after spending company money on a personally owned property in Combloux in France. Estimated at over £1 million, the funds were received from patients having treatment at the clinic and spent between July 2009 and March 2013, resulting in Q Healthcare falling into arrears with paying its liabilities to creditors.
Anand has agreed to remain disqualified for seven years.
“It is clear that Dr Anand breached his duties as a director by using company funds to finance the refurbishment of a personally owned property, which means taxpayers and other creditors, lose out considerably,” commented Martin Gitner, Deputy Head of Investigations at the Insolvency Service, on the disqualification. “It should serve as a warning that if directors behave in this way their conduct will be investigated fully by the Insolvency Service and they will be removed from the business environment.”
Anand was Director of Q Healthcare, which went into administration in May 2013, since the company’s incorporation in 2002. He practised as a dentist at Q Clinic from 2004, but was struck off the register by the General Dental Council in November 2015 for five years based on a number of allegations, including having misled patients about their treatment and changed the treatment plan without the patient’s consent. He currently resides in New Delhi in India.