Considering what he has done, the Company Director named in this case did get off light with just an 8 year ban, read on to find out just what he did.
- On 6 May 2020 Mr Choukri Laachiri Temsamani (“Mr Temsamani”) caused The Authentic Coffee Ltd (“Authentic Coffee”) to apply for a Government-backed Bounce Back Loan (“BBL”) of £40,000 (“BBL1”), which Authentic Coffee received on 9 May 2020.
- On, 8 May 2020 Mr Temsamani caused Authentic Coffee to apply for a second BBL of £25,000 (BBL2) which was received on 11 May 2020.
- Mr Temsamani knowingly provided false information in the application for BBL2 by signing the declaration stating that Authentic Coffee had not applied for another BBL.
- The BBL scheme permitted a business to apply for and receive one BBL up to a maximum of £50,000.
- The scheme allowed a company to apply for a top-up BBL, restricted to the maximum amount of £50,000.
- Mr Temsamani’s application for BBL2 resulted in the company obtaining more in BBL funding than it was entitled to.
- At liquidation £39,560.40 was outstanding in respect of BBL1 and £25,065.51 in respect of BBL2.
