
Birmingham Director Banned for 11 Years for Grossly Overstating Turnover to Secure £37,500 NatWest Bounce Back Loan and Misusing £32,000

The Insolvency Service has disqualified directors for using Bounce Back Loans to settle personal obligations. […]
Three directors of Landlet Ltd, Gulzar Sadrudin Virani, Zaheed Sadrudin Habib Nizar, and Zahra Sadrudin Habib Nizar, face 7- and 9-year bans for obtaining two Bounce Back Loans when eligible for only one. The violation led to substantial penalties. […]
NatWest wrongly defaulted a Bounce Back Loan during a PAYG repayment holiday, causing distress. The Ombudsman upheld the complaint, awarding £500 compensation for the error. […]
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