Three bosses of a private equity group have each been sentenced to 22 months in prison after their “deliberate and planned flouting” of court orders imposed after they were accused of unlawfully “extracting” £13.7 million from Barclays bank accounts. Scott Dylan, David Antrobus and Jack Mason of Inc & Co were found to have committed multiple contempts of court after a judge concluded they had breached asset-freezing orders and “lied prolifically” in an attempt to cover up their actions.
Manchester-based Inc is part of an investment group that owned companies including Maker & Son, a luxury furniture business co-founded by the grandson of the late Habitat founder Sir Terence Conran, and Baldwins Travel, a chain of travel agents. Barclays pursued Dylan, Antrobus and Mason for breaching freezing orders imposed in relation to a civil case in which Barclays accused the three men and companies they are linked to of misappropriating £13.7 million.
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