
Director Banned for 6 Years for Transferring Bounce Back Loan to Connected Company

A direcA director who diverted a £50,000 HSBC Bounce Back Loan during insolvency, harming creditors, now faces a 5-year ban. Uncover the reckless actions that led to this financial betrayal. […]
An Oxford-based director has been banned for 10 years after a liquidator uncovered inflated turnover figures used to obtain a £50,000 Barclays Bounce Back Loan. The disqualification, effective immediately, was imposed following the company’s liquidation, highlighting misuse of the government-backed scheme. […]
The Insolvency Service’s focus on Bounce Back Loan abuse has disqualified directors for diverting funds to offshore accounts.
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