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

The director of a music studio has been banned for eight years after a liquidator found inflated turnover figures used to obtain a higher-valued Barclays Bounce Back Loan than the business was eligible for. The disqualification, effective immediately, underscores misuse of pandemic relief funds. […]
Mihaela Pirlog, director of Ecore Construction Management Ltd, faces a 10-year ban for securing two Bounce Back Loans worth £100,000 from Santander and Barclays, neither of which were repaid. The disqualification highlights multiple loan scheme violations. […]
Without accounting records, a liquidator couldn’t trace a £50,000 Barclays Bounce Back Loan’s use, leading to a 6-year ban for the director. Dive into this case of missing records. […]
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