Guernsey Press

Director who fled island with seized Ferrari faces jail term

A FORMER director of a local company with a £1.573m. judgement against him for misappropriation of company funds fled the island with a Ferrari and a Range Rover, the Royal Court was told.

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Both vehicles were subject to a freezing order, of which Lee Douglass was well aware, the court heard.

In his absence he was sentenced to a year in prison after being found in contempt of a civil court order.

Details of the sentence will be passed to Guernsey Police and the Guernsey Border Agency in case he should return to the island, but no warrant was issued for his arrest in the UK.

Mr Douglass' former company, Invescap Holdings Ltd, holds the judgement again him.

The court was told that the freezing injunction was put in place on 21 December 2012 and the vehicles were listed in it. It was extended on 11 January 2013. On 22 February 2013, the freezing order was replaced by an undertaking signed by Mr Douglass in which he agreed not to remove the vehicles.

At a hearing early last month, evidence was heard from a Condor employee stating that Mr Douglass had taken the Ferrari to the UK on 2 January 2013 while his wife, Gemma, had removed the Range Rover on 18 January that year.

Judge Russell Finch found Mr Douglass' actions had, beyond all reasonable doubt, put him in contempt of court.

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