Barclays Delays Business Account for Bounce Back Loan by Four Months, Ombudsman Dismisses Complaint

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Ehsan Mohammad-Vali, Pizza Bella Chicken Ltd Director, Banned for 10 Years After Misusing £50k Barclays Bounce Back Loan on a Car Purchase, Leaving Taxpayers Liable Amid Ill Health and No Fund Recovery

Ehsan Mohammad-Vali, director of Pizza Bella Chicken Ltd, has been handed a 10-year directorship ban after fraudulently obtaining a £50,000 Bounce Back Loan from Barclays. He used the funds, intended to support businesses during the Covid-19 crisis, to purchase a car, which he later sold. Mohammad-Vali failed to repay the loan, leaving taxpayers to cover the cost. Due to his reported ill health, no funds have been recovered.
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