Director Banned for 4 Years for Using Santander Bounce Back Loan for Personal Benefit
BBL Blaggers
9-Year Ban for Director’s £248k Turnover Fraud
A director who inflated his company’s turnover by £248,000 to secure a £50,000 HSBC Bounce Back Loan has been slapped with a 9-year ban. Dive into the story of this Wolverhampton-based fraud. […]
BBL Blaggers
Three Sole Traders Face Lengthy Bankruptcy Restrictions for Bounce Back Loan Misuse
Three sole traders have been slapped with bankruptcy restriction orders lasting 7, 10, and 11 years for abusing the UK’s Bounce Back Loan scheme, designed to support businesses during the COVID-19 pandemic. The Insolvency Service uncovered that the individuals either overstated their business turnover to secure larger loans or misused funds for personal expenses, prompting severe penalties.
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BBL Blaggers
Mohammad Dawood Niazi of Kebabish Hampshire Ltd Banned for 6 Years for Failing to Provide Records for Lloyds Bank Bounce Back Loan
AMohammad Dawood Niazi, director of Kebabish Hampshire Ltd, faces a lenient six-year ban for not providing accounting records to the liquidator, preventing verification of the legitimacy and usage of a Lloyds Bank Bounce Back Loan. […]