All articles by Saad Ahmed
Saad Ahmed
Total Asset: Dartnell sentenced to 15 years imprisonment in £160m fraud case
Four individuals were sentenced at Southwark Crown Court today after guilty verdicts were delivered on Tuesday for a £160m fraud against Barclays Bank and KBC Lease (UK) Limited (KBC).
Alfa partners with database company NuoDB
Asset finance software provider Alfa has partnered with NuoDB, a database company, in a move which Alfa says could reduce database license fees for their clients.
Grenke new business up 17.1% to 1.6bn in 2016
Grenkes leasing business saw a 17.1% year-on-year increase in new business volumes, according to the groups 2016 full-year results.
Clocking on to fleet mileage fraud
Clocking fraud has grown in recent years, with an estimated one in 15 cars now affected. In licensed vehicles, misreported mileage may adversely affect driver and passenger safety. Saad Ahmed spoke to LTU, Glasss and cap hpi about how fraudulent mileage affects fleets, and what be done to combat it
Aldermore provides funding facility to garment company Fanela
Aldermore Bank has provided a £24,800 finance facility to Leicestershire-based garment company Fanela to be used to invest in new manufacturing machinery.
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P2P lender MarketInvoice launches invoice discounting service, plans £2bn of lending in 2017
MarketInvoice has launched MarketInvoice Pro, an invoice discounting service, and said it plans to nearly double lending to £2bn in 2017.
Total Asset: Dartnell, Alexander and two more found guilty in £160m fraud
Four individuals were found guilty at Southwark Crown Court yesterday for conspiracy to make corrupt payments and conspiracy to commit fraud against two business lenders, Barclays Bank and KBC Lease (UK) Limited (KBC), a subsidiary of Belgian banking group KBC, in order to obtain almost £160m.
BVRLA: Five-fold increase in VED will damage car rental industry and environment
The British Vehicle Rental and Leasing Association (BVRLA) has called upon the UK government to halt plans to increase Vehicle Excise Duty (VED) fivefold, arguing that it will damage the car rental industry and harm efforts to combat high emissions.
Shawbrook launches technology finance division, appoints Flowerday to lead
Shawbrook Bank has launched a technology finance division to provide hardware, software, office equipment, and services to small and medium sized enterprises (SMEs) in the UK.
V4Bprofessions adds two in recruitment drive
Business funding provider V4Bprofessions has hired Daniel Barnes as account manager and Liz Evans as administrative support, citing increased demand for asset finance services.