Just a 7 year ban for the Company Director named in this case, which would of course have been a much longer ban, if he had supplied accounts that proved BBL wrongdoing.
Sabri Zamur (“Mr Zamur”) failed to ensure UMUT SEDAL LTD (“UMUT”), maintained and/or preserved adequate accounting records or in the alternative, following liquidation, he failed to deliver up to the Liquidator when required such records as were maintained and/or preserved.
As a result, it has not been possible to verify whether £50,000 introduced into the company on 28 May 2020 by way of a Government Guaranteed Bounce Back Loan and which was granted with the express intention of providing economic benefit to the business was utilised for this purpose.
As a result, it has not been possible to:
- Determine the reason for cash withdrawals from UMUT’s bank account totalling £30,000 between 3 June 2020 and 15 June 2020.
- Determine the reason for payments totalling £10,003 from UMUT’s bank account to Mr Zamur’s personal bank accounts between 9 June 2020 and 22 June 2020.
- Determine the reason for payments totalling £6,525 from UMUT’s bank account to third party individuals between 28 May 2020 and 15 June 2020.
