
Directors Banned for 6 and 7 Years for Defaulting on £68,473 Lloyds and HSBC Bounce Back Loans

A director faces a 6-year ban for using company funds, including a Bounce Back Loan, for personal benefit, among other wrongdoings, resulting in regulatory penalties. […]
A judge has permitted observation and reporting on Lloyds Bank’s High Court cases involving companies accused of Bounce Back Loan misconduct. These proceedings reveal how the bank is pursuing legal action against businesses suspected of defrauding the government-backed loan program. […]
The Insolvency Service has banned directors who claimed loans for non-operational entities. […]
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