Lloyds Approves Bounce Back Loan Without Director’s Knowledge, Ombudsman Dismisses Complaint Due to Signatory Status
BBL Blaggers
Amir Mohammad, S&A Food Store Ltd Director, Disqualified for 11 Years for Transferring £50,000 Bounce Back Loan to a Deceased Pakistani Property Developer
The government’s Bounce Back Loan scheme saw abuse, with directors banned for fabricating business turnover data. […]
BBL Blaggers
Director Banned for 9 Years for Securing £50,000 Lloyds Bank Bounce Back Loan for Non-Trading Company and Defaulting
A director faces a nine-year ban after submitting dormant accounts, indicating no trading activity, yet securing a £50,000 Lloyds Bank Bounce Back Loan, which remained unpaid at liquidation. […]
BBL Complaints Upheld
Barclays Ordered to Pay £250 for Eight-Month Bounce Back Loan Delay, Ombudsman Upholds Complaint
Barclays delayed a customer’s Bounce Back Loan application for eight months. The Ombudsman upheld the complaint, ordering £250 compensation for the prolonged wait. […]