BusinessCompany NewsIngenious Media boss embroiled in fresh row

Ingenious Media boss embroiled in fresh row

Patrick McKenna fighting High Court battle with former director, compounding Ingenious's issues, which include a probe by the taxman

The chief executive of Ingenious Media, the film investment company under
investigation
by the taxman
, has been accused of making up to £150m by selling part of the
business to taxpayer-controlled Bank of Scotland without following proper
financial procedures.

The claims against Patrick McKenna were made in a High Court writ lodged by
former director and shareholder Sanjay Wadhwani. Ingenious describes the claims
as ‘bogus’,
the
Mail on Sunday
reported.

The film investment company is currently dealing with the HMRevenue&
Customs hitting its clients with discovery assessments, which probe whether
individuals owe tax.

Further reading:

Ingenious
strikes back on film tax issues

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