
11-Year Ban for Plymouth Director, Settles £18k for Barclays Loan Fraud

Mehmet Aydemir, director of Lowermill Limited, has been banned for six years for overestimating turnover to secure a £50,000 Barclays Bounce Back Loan. The disqualification, starting 24 June 2024, reflects misuse of the government-backed scheme. […]
Three directors have been disqualified for six years after using two Santander Bounce Back Loans (£23,000 and £29,000) and a £25,000 Lloyds Bank Bounce Back Loan for personal benefit during company wind-ups. […]
Bounce Back Loan funds used for personal debt consolidation have led to directors facing bans. […]
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