
Ombudsman Rules £300 Adequate Compensation After Barclays Wrongly Applied a CIFAS Fraud Marker, Misplaced All Records, and Caused His Business to Miss a Bounce Back Loan, Resulting in Insolvency

Sushil Ghosh, director of Seema Food UK Ltd, has been banned for 10 years for inflating turnover to secure a £25,000 Barclays Bounce Back Loan and using it for personal expenses, including a car purchase. The ban highlights misuse of funds. […]
An HSBC customer denied applying for a Bounce Back Loan with inflated turnover. […]
Santander seized personal account funds for an ineligible Bounce Back Loan transferred from a business account. The Ombudsman dismissed the complaint, citing ineligibility. […]
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