
Director Banned for 8 Years for Misusing Lloyds Bank Coronavirus Business Interruption Loan for Personal Benefit

A director who overstated his company’s turnover to secure a Barclays Bounce Back Loan and used it to purchase a vehicle for personal use has been banned for 9 years. Explore this misuse case. […]
A director secured a £40,000 Barclays Bounce Back Loan for a non-trading company with no turnover, misused it, and left taxpayers to cover it, earning a 12-year ban. Read the story. […]
Directors who used Bounce Back Loans for personal investments face disqualification and reputational harm in their industries. […]
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