Mohammed had carried on successful business as a garment manufacturer for many years. In 2014 he formed a corporation in which he held almost all the shares . He then sold his business to the corporation. Soon afterwards, a down turn in the garment industry caused by loss of government contracts and a series of strikes drove the corporation to insolvency and a trustee was appointed to wind it up. The trustee claimed that the corporation was merely a sham, that Mohammed was the actual owner and he should pay off all the debts owed by corporation. 1. Analyze the claim made by the trustee. Do you think it is a valid claim? 2. Analyze whether any type of fraud or intention to deceive has taken place in this case 3. Examine whether the corporation was properly created and do you believe that it should be responsible for its own debts. 4. Examine whether the concept of piercing the veil is applicable in this case or not.