
Barclays Locks Bounce Back Loan Account for Four-Month Review, Ombudsman Dismisses Complaint

A director who fraudulently obtained two Bounce Back Loans and a CBILS from Barclays and NatWest, misusing the funds, now faces an 11-year disqualification. […]
Barclays wrongly seized a Bounce Back Loan from a personal account, demanding a business account. The Ombudsman upheld the complaint, ordering reinstatement and £250 compensation. […]
A director has been banned for six years for transferring a £30,000 Santander Bounce Back Loan to his personal account without proving it benefited the business. The disqualification reflects misuse of funds at liquidation. […]
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