OEM – The Noose Tightens – Whistleblower 2 on the Trombone

I recounted at the weekend how Baker Tilly, administrators to ex fully listed stock OEM (OEM) is seeking to claw back almost £6 million from four of its former directors. I have more information about a scandal which will embarrass many in the City but notably accountants Hacker Young – see HERE. 

I have been told that Baker Tilly sent out Letters Before Action to the directors 10 days ago. One director (the head honcho Robert Noonan) last Wednesday asked for an additional seven days to reply. The clock is still ticking and is now at T-11, that is to say by 28^th March all four must cough up or Baker Tilly will start the process of getting its hand on the cash. What price an estate just behind Nice Mr Noonan?

How much could shareholders get? 

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