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Published:  23 July, 2008

In its first formal report, Deloitte & Touche, the liquidator of Allwines Ltd, reveals that claims for over 3.3 million have been received in respect of David Allan's Allwines Ltd, which went bust in April 2001. Of this, around 3.2 million amounts to claims from approximately 200 investors and in excess of 100,000 from trade and other creditors. Around 72,000 worth of wine in investors' names has been found at the two bonded warehouses used by Allwines. Wine held in the company's name has been sold for 41,775. Although investors believed that insurance for their wines was arranged by Allwines Ltd, Allan has not provided details of any specific insurance policy. The liquidator has sent a report on the directors' conduct to the DTI. It is not known whether the DTI will move to disqualify Allan. Deloitte & Touche is also believed to have investigated claims made at the creditors' meeting in April 2001 that Allan owns a number of properties overseas. Its investigations remain confidential.