A businessman from Swindon who was recently discovered to be bankrupt has been urged to step down from his position as head of the towns main business forum.
Rikki Hunt, the businessman who owned the failed Wi-Fi company known as Digital City, filed for bankruptcy in March 2011 after racking up debt problems of more than £1 million. At the time of his bankruptcy filing, he was understood to owe:
- £627,000 to The Mortgage Business Plc
- £423,000 to HM Revenue and Customs (HMRC)
- £168,000 to Lloyds Banking Group
- £85,000 to Barclays Bank
- £63 to Sky
The public discovery of his financial failings is particularly embarrassing for Mr Hunt as he is the chairman of the Swindon Strategic Economic Partnership (SSEP), a body which brings together big-name employers to debate important business issues.
A fellow director at Digital City, Garry Perkins, was particularly surprised at the news, as was Ian Piper, the head of the councils regeneration wing Forward Swindon, which is also involved in the SSEP.
Since learning of his bankruptcy, the Labour Party has been quick to insist that Mr Hunt step down from this prominent position. Meanwhile, Mr Hunt gave an indication that he would give in to demands for him to quit, saying:
There is nothing wrong (in chairing the SSEP). But I recognise that if it is embarrassing to businesses and/or the council, then I would step down from this voluntary position.
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