Dewsbury Director Banned for 10 Years for Overstating Turnover Thrice to Secure £45,000 Lloyds Bank Bounce Back Loan
BBL Blaggers
Company Director Receives 5-Year Ban for Misusing Bounce Back Loan Funds
A UK company director has been disqualified for five years after failing to use the majority of a Bounce Back Loan for business purposes. The Insolvency Service found that the director diverted funds meant to support the company during the pandemic, breaching loan terms and undermining the government’s COVID-19 relief scheme. […]
BBL Blaggers
Insolvent Business Misuses £38k Barclays Loan, Director Banned for 4.5 Years
A company director secured a £38,000 Barclays Bounce Back Loan despite his business being insolvent, leading to misuse and a 4.5-year ban. Learn why this disqualification is considered lenient. […]
BBL Blaggers
6-Year Ban for Restaurateur’s Bounce Back Loan Transfer Fraud
An Indian restaurant director who transferred a chunk of an HSBC Bounce Back Loan to a third party faces a 6-year ban, with liquidators citing his lack of funds as a barrier to recovery. Explore this case. […]