Barclays Denies Sole Trader’s Third BBL for Additional Business, Ombudsman Awards £200 for Delay-Induced Distress
BBL Blaggers
10-Year Ban for Bounce Back Loan Fraud Uncovered by Insolvency
A director’s insolvency revealed turnover inflation and misuse of a Barclays Bounce Back Loan, leading to a 10-year ban. Dive into this self-inflicted exposure.
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BBL Complaints Upheld
Lloyds Ordered to Pay £100 for Bounce Back Loan Application Distress, Ombudsman Upholds Complaint
Lloyds fairly declined a Bounce Back Loan but caused distress during the process. The Ombudsman upheld the complaint, awarding £100 compensation for inconvenience. […]
BBL Blaggers
Ehsan Mohammad-Vali, Pizza Bella Chicken Ltd Director, Banned for 10 Years After Misusing £50k Barclays Bounce Back Loan on a Car Purchase, Leaving Taxpayers Liable Amid Ill Health and No Fund Recovery
Ehsan Mohammad-Vali, director of Pizza Bella Chicken Ltd, has been handed a 10-year directorship ban after fraudulently obtaining a £50,000 Bounce Back Loan from Barclays. He used the funds, intended to support businesses during the Covid-19 crisis, to purchase a car, which he later sold. Mohammad-Vali failed to repay the loan, leaving taxpayers to cover the cost. Due to his reported ill health, no funds have been recovered.
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