
Director Banned for 7 Years for Misusing Lloyds Bank Bounce Back Loan to Pay Personal Property Loan, Left Unpaid

Emra Kayam, director of Kayalar Limited, has been ordered to pay £37,460 within two weeks for improperly investing £19,000 of a £35,000 Bounce Back Loan in the stock market. The court ruling reflects misuse of pandemic relief funds. […]
The Insolvency Service’s efforts have banned directors for channelling Bounce Back Loans to unrelated parties. […]
A director who secured two £50,000 Bounce Back Loans from Barclays and NatWest due to a lender’s oversight, leaving them unpaid, faces an 11-year ban. […]
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