THE board of the Bury Metro Racial Equality Council has been forced to close down the organisation after running out of money.

Insolvency experts from the Bury accountancy firm Horsfields have been called in and will hold a creditors' meeting at their offices on April 17.

Until last July the chief executive of the REC was Monaza Luqman, a former director of Lexi Holdings, the Manchester-based property finance business that collapsed in 2006 owing its banks more than £100m.

Earlier this year the High Cour......for the full story register now for free or login below...