Scotland’s biggest taxi tycoon, Steven Malcolm, is currently under police investigation as more than 160 of his cab drivers faced the risk of losing their licences. The investigation revolves around Paisley Cab Co Ltd, owned by Malcolm, and licensing officials at Renfrewshire Council. The probe was initiated due to safety concerns raised, particularly regarding irregularities with insurance and paperwork on 11 of the company’s taxis.
Police Scotland was called in to examine the concerns after claims surfaced about discrepancies in the vehicles’ paperwork and insurance, which had been approved as roadworthy at a testing centre. A closed-door meeting was held with council members and police to discuss the future of the 162 drivers. In an unusual move, Malcolm, who has ties to the Daniel crime clan, was required to attend the meeting accompanied by his legal team.
During the meeting, councillors were informed that some vehicles had been submitted without proper documentation and insurance, which raised questions about the council’s testing procedures. It was revealed that the company had trusted an individual who had been handling applications for years and had breached the system, posing a risk to the company. The council is conducting further investigations into the application process and staff involved.
The hearing, held behind closed doors, concluded with no immediate action taken by the board regarding any private hire car, taxi, or booking office licences. Malcolm and his representatives refrained from commenting on the ongoing police investigation. Renfrewshire Council also chose not to provide any statements, citing the ongoing nature of the investigation.
Malcolm, one of Scotland’s wealthiest individuals, has been involved in various taxi businesses over the years. Recent accounts show Paisley Cab Co’s net assets have increased significantly, with the company’s value rising by more than £1 million. Malcolm is listed as having significant control in the firm, which employs 40 people and holds assets that include properties and vehicles.
Notably, Malcolm’s past associations with individuals linked to criminal activities have drawn attention. Despite previous controversies surrounding tax issues and business dealings, Malcolm continues to operate in the taxi industry. His luxurious lifestyle, including a multimillion-pound home and legal battles over property damages, has been highlighted in the media.
The investigations involving Malcolm and Paisley Cab Co Ltd shed light on the complexities and challenges facing the taxi industry in Scotland, highlighting the importance of regulatory oversight and adherence to safety standards in the sector.