From what I've read on Lancer Register, "Danny" was the MD and responsible for siphoning the cash out of the firm.

As a Director, he has a legal responsibility to act with care to the shareholders and creditors of the firm.

There may be a case where he has breached his fiduciary duty to the firm and can therefore be held accountable for the loss to any shareholders and creditors.

This is purely what I have gathered from reading the Lancer Reg forum and is be no means a formal accusation.