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A national law firm closed after a massive gap was discovered in their accounts.
The High Court reported that no more than 11 million pounds belonging to Kingly Solicitors Limited consumers may be discovered.
Its network of 15 branches has been closed in what is the largest action of its kind through the Law Regulatory Authority since it closed 18 branches in Blavo
Kingly Solicitors is headquartered in London and is owned by Nurul Miah, 35, who is a lawyer.
Last Friday, the SRA received an extension of an order to freeze the company’s accounts and Kash2 Limited, also owned by Mr. Miah NM Group Limited.
The High Court heard that it had spent more than 350,000 euros of its customers’ budget on a used Ferrari 812 Superfast and Aston Martin.
Customer cash would also have been spent on Kingly Solicitors operating costs, property purchase, third-party loans “with varying degrees of security” and other legal practices across the country.
When the SRA began to investigate, Mr. Miah allegedly claimed that customer cash transferred from Kingly Solicitors to Kash2 could be recovered, however he submitted “a patently falsified bank statement” to show a false balance of approximately 7 million pounds.
The missing cash would come largely from the properties of deceased persons, and the SRA states that Mr. Miah “appears to have been primarily interested in inheritance clients, where inheritance cash can remain in customers’ accounts for long periods of time. “
THE SRA appointed other lawyers to deal with clients of the personal enterprise, who were exchanging the names Coles Solicitors, Richard Herne
M. Miah is indexed as an approved user through the Financial Conduct Authority and is also a director of Oracle Consultants Limited, an investment company that operates the so-called Incisive Wealth Management. Your photo, as well as that of other key figures, is no longer on your website.
“Nurul Miah is a life-filled entrepreneur who began his professional career at the age of 15 at a restaurant chain before entering the money sector,” says the Incisive Wealth website.
“He temporarily rose through the ranks and set up his own highly successful monetary advice specializing in mortgages and loans in 2014, which is also one of the dynamic maxims.
“Since then, it has acquired 6 other companies, of which it succeeds on its own, all of them linked. Mr. Miah is known for his adventurous spirit and participation in the network.