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Ex-Dundee FC Chief Given Company Director Ban After Breach of Agreement

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A former chairman of Dundee Football Club who breached a debt agreement with a bank has been disqualified from acting as a company director for 10 years.

Andrew Page Drummond was a director of a property development company called West Court Developments, based in Dundee, between August 2007 and November 2010.

The firm owed £5.7 million to the AIB bank and agreed in August 2007 not to undertake any deals without the consent of the institution.

But Drummond ignored the terms of the deal and transferred a number of properties to other companies that were linked to him.

In a written judgment at the Court of Session, judge Lord Doherty ruled that Drummond acted illegally.

Lord Doherty ruled Drummond acted in such a way because he wanted to ensure that AIB had no access to West Court’s assets.

Banning him from being a company director, Lord Doherty wrote: “It is clear that the aim of the various dispositions was to remove the company’s assets from the reach of its creditors and in particular its secured creditor. The respondent knowingly and deliberately attempted to achieve that end.”

Drummond became chairman of Dundee FC in 1991 after striking a £750,000 deal with then chairman and local property developer Angus Cook.

Drummond was later found to have broken rules on share dealing and was reported to the Law Society of Scotland. In 1994, he was fined £8,000 for professional misconduct and was later struck off.

In 2002, Drummond was jailed for seven years after he was found guilty of stealing more than £83,000 from clients of his law firm.

However, his conviction was later overturned after the Court of Criminal Appeal ruled that he had suffered a miscarriage of justice.

Source: The Evening Telegraph

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