AFL former owners’ lawyer says it had ‘cashflow problem’ in closing arguments of fraud trial
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AFL former owners’ lawyer says it had ‘cashflow problem’ in closing arguments of fraud trial

Ayesha Venkataraman
03 July 2023
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BRITAIN-LONDON-PROROGATION SUPREME COURT

A lawyer for the former owners of AFL Insurance Brokers made the case that AFL had a cashflow problem, common to small insurance brokers, rather than a client money deficit, in closing arguments of a fraud trial last week.

The fraud allegations, brought against AFL by former Cooper Gay CEO Toby Esser’s Next Generation Holdings (NGHL) claiming the misuse of client funds and fraudulent accounting, hinges on an alleged £3.6mn

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Ayesha Venkataraman
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