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Former Exeter lettings boss banned

Credit - Adam Manning

Kelly Forrester's firm spent tenants' deposits

The former owner of an Exeter estate agent's been banned from running a company for six years, after spending more than £68,000 worth of tenants' deposits.

Kelly Forrester used the money of at least 54 properties to go towards running her company Clear Property.

It should have been paid into a Government-backed scheme.

The misconduct was uncovered after Clear Lettings entered into liquidation proceedings in April 2019.

Dave Elliott, Chief Investigator for the Insolvency Service, said:

"Kelly Forrester failed to safeguard the deposits she was entrusted to hold onto, resulting in losses to both landlords and tenants.

"Her conduct fell short of what is required of a director of a limited liability company and her disqualification will act as a deterrent to others from similar conduct in the future."

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