
Barclays Refuses Refund for Bounce Back Loan Lost in Pyramid Scam, Ombudsman Dismisses Director’s Complaint

Directors who diverted Bounce Back Loans to personal uses face Insolvency Service penalties. […]
Majid Habib, director of Netsys Ltd, faces a 10-year ban for exaggerating turnover to secure a £49,000 Barclays Bounce Back Loan. The liquidator noted little hope of recovery, highlighting misuse of pandemic relief funds. […]
Barclays had to pay up for murky BBL repayment details. We detail this victory for clarity and borrower rights. […]
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