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Loans-for-shares scandal envelops Ian Murgitroyd

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Ian Murgitroyd, the chairman of patent attorneys Murgitroyd & Company, pledged nearly half of his 29pc stake in the AIM-listed company.

It follows Carphone Warehouse co-founder David Ross’s fall from grace following his failure to inform the company that he’d guaranteed 136.4m Carphone shares against personal loans.

The Telegraph reports that Vic Thompson, the chief executive of insurance broker THB Group, and Eli Reifman, the founder of dot.com company Emblaze, have also made similar disclosures.

Related articlesCarphone Warehouse co-founder leaves companyThe rise and fall of David Ross

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