Barclays Reinstates Bounce Back Loan After Shady Default Over Overdraft; Ombudsman Awards £50
BBL Blaggers
Sarah Ilyas, Director of 1SR Limited, Banned for 10 Years for Misrepresenting Turnover to Secure £50,000 Barclays Bounce Back Loan
Sarah Ilyas, director of 1SR Limited, faces a 10-year ban for claiming a £200,000 turnover, when it was £354, to secure a £50,000 Barclays Bounce Back Loan. Liquidator Rikki Burton’s findings led to the disqualification. […]
BBL Complaints Upheld
NatWest Ordered to Pay Compensation for Unclear Bounce Back Loan Trading Rules, Ombudsman Upholds Complaint
NatWest’s unclear use of trading terms confused a Bounce Back Loan applicant. The Ombudsman upheld the complaint, awarding compensation for the bank’s lack of clarity. […]
BBL Blaggers
Director Sentenced for Fraudulently Securing Two £50,000 Bounce Back Loans
Imran Mushtaq, director of IZ Business Consultants, received a 20-month suspended sentence and 120 hours of unpaid work for fraudulently obtaining two £50,000 Bounce Back Loans. […]