
How Will £17 Billion in Covid Loan Losses Be Recovered? MPs to Grill Lord Agnew and Lenders, and I’ll Be There Observing

An 11-year ban was issued to a director who inflated turnover to secure a £50,000 Santander Bounce Back Loan, then transferred the funds to herself for personal use. […]
Matt Bown, director of REATCH Ltd, has agreed to a 9-year directorship ban to avoid court after exaggerating his company’s turnover to secure an HSBC Bounce Back Loan and top-up. He also misused the funds, breaching loan terms designed to aid businesses during tough times. […]
A whistleblower claims the Department of Trade and Insolvency Service target minority directors for Bounce Back Loan bans—read their official response. […]
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