Mark Group Scandal - new company set up the day before Mark Group went into liquidation

http://www.leicestermercury.co.uk/Home-insulation-firm-s-pound-3m-boost/story-28371186-detail/story.html

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Mark Group managers secured £3M loan from Barclays Bank and set up a new business the day before Mark Group went into liquidation.

How scandalous is this - surely this can't be legal.