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Boardroom bans for brothers who left £440k debt

Two brothers from Co Tyrone have been given boardroom bans for their conduct at the head of an electrical company which went bust owing £442,000.

Colum McBride (30) and his 28-year-old brother Adrian, both of Magheralough Road in Trillick, were disqualified as directors by the Department of Enterprise, Trade and Investment for seven and five years respectively over how they ran McBride Electrical.

The company, which was founded in 2005, went into liquidation in 2009 owing £442,119.

The wrongdoing by the brothers, which was alleged by DETI and accepted by the High Court, including failing to pay nearly £150,000 in tax and National Insurance and bouncing over 200 cheques worth nearly £290,000.

More than 20 cheques, worth a total of £16,400, were presented a second time and also bounced, and two bounced a third time.

Colum McBride also failed to account for a missing £350,705.

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