Director Banned 10 Years for Lying About Turnover to Secure £50k Barclays Loan
BBL Blaggers
Mahammad Aleem, Director of AMX Motors Ltd, Receives 10-Year Ban for Misrepresenting Turnover to Secure Barclays Bounce Back Loan
Mahammad Aleem, director of AMX Motors Ltd, has been banned for 10 years for overestimating turnover to secure a Barclays Bounce Back Loan, based on unrealistic car sales projections during lockdown. The ban reflects financial misconduct. […]
BBL Blaggers
Kuen Yiu To, Director of Emma Claire Bridal Limited, Starts 9-Year Ban for Overstating Turnover to Secure £50,000 Metro Bank Bounce Back Loan
The Insolvency Service’s probes have led to bans for directors misusing Bounce Back Loans for non-business ventures. […]
Forced Liquidation
Starling Bank Targets Companies with High Court Winding-Up Orders, Joining Barclays and Aggressive BBL Recovery Efforts
Starling Bank is escalating its pursuit of companies suspected of Bounce Back Loan (BBL) misuse, filing High Court winding-up orders alongside Barclays and third-party “BBL bounty hunters.” This aggressive crackdown signals a broader push to recover funds from businesses accused of loan fraud. […]