SFO evaluation clears Maclean Technology sale

A preliminary investigation by the Serious Fraud Office found no evidence of fraud in the sale of the assets of Maclean Computing

A preliminary investigation by the Serious Fraud Office (SFO) has found there is no proof that fraud occurred in the sale of the assets of liquidated company Maclean Computing to Maclean Technology.

Since Computerworld reported on the Maclean Computing asset sale last month, some have questioned the legality of such a move, especially since it emerged that Maclean's unsecured creditors, who are collectively owed $953,000, are likely to remain unpaid. One anonymous commentator on the Computerworld website asked whether Computerworld had sought the view of the SFO on the matter. We decided to take that suggestion up.

Computerworld has been told by the SFO that an "evaluation" of the Maclean Computing liquidation was undertaken following a complaint made last month.

According to the SFO website, preliminary work is conducted on all complaints to determine whether to recommend it for further action - which could result in a full investigation. In this case the SFO says it found “no evidence of serious or complex fraud” and no further action will be taken.

“It did not meet the criteria for an SFO investigation,” says a spokesperson for the SFO.

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Tags liquidationMaclean ComputingDamien GrantWaterstone InsolvencyMaclean Technology

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