NatWest Issues Bounce Back Loan in Sole Trader Name Instead of Ltd Company, Ombudsman Dismisses Complaint
BBL Blaggers
Shaugufta Bano Patel of The Beauty Studio Leicester Ltd Banned for 9 Years for Overstating Turnover to Secure £50,000 NatWest Bounce Back Loan
Shaugufta Bano Patel, director of The Beauty Studio Leicester Ltd, has been disqualified for nine years after exaggerating her company’s turnover to obtain a £50,000 NatWest Bounce Back Loan. […]
BBL Blaggers
London High Court Orders Spain-Based Director Joseph Harrison to Repay £38,295 for Fraudulent BBL and Imposes 12-Year Directorship Ban
Joseph Harrison, former director of South East Commercials Ltd, now residing in Spain, has been ordered by London’s High Court to repay £38,295 obtained through a second Bounce Back Loan (BBL) deemed fraudulent. The court also imposed a 12-year directorship ban, citing his exploitation of a lenient BBL lending process. […]
BBL Complaints Upheld
HSBC Ordered to Pay Compensation for Bounce Back Loan Turnover Error, Ombudsman Upholds Complaint
HSBC refused to amend a lower turnover figure for a Bounce Back Loan, citing fixed rules. The Ombudsman upheld the complaint, ordering compensation for the restriction. […]