Barclays Denies Sole Trader’s Third BBL for Additional Business, Ombudsman Awards £200 for Delay-Induced Distress
BBL Blaggers
10-Year Ban for Director After Barclays Winds Up Ineligible Company
Barclays wound up a company in the High Court after its director used dormant accounts to secure an ineligible £50,000 Bounce Back Loan, leading to a 10-year ban and bounty hunter pursuit. […]
BBL Blaggers
Faraz Shapour, Director of Paradise Chinese Cuisine Ltd, Banned for 9 Years for Misrepresenting Turnover to Secure £50,000 Barclays Bounce Back Loan
Faraz Shapour, director of Paradise Chinese Cuisine Ltd, faces a nine-year ban for inflating turnover to secure a £50,000 Barclays Bounce Back Loan. A £25,000 settlement was paid to the liquidator, highlighting financial misconduct. […]
BBL Complaints Upheld
Co-Operative Bank Ordered to Pay £100 for Seizing £50k Bounce Back Loan, Ombudsman Upholds Complaint
Co-Operative Bank closed an SME’s account and seized a £50k Bounce Back Loan for risk reasons. The Ombudsman upheld the complaint, ordering £100 compensation. […]