Liquidators Find Empty Premises After Suspected Bounce Back Loan Misuse
BBL Blaggers
Catherine Waichungo, Director of Waichungo Limited, Faces 9-Year Ban for Overstating Turnover to Secure £50,000 Santander Bounce Back Loan
Catherine Waichungo’s nine-year ban follows inflated turnover claims to secure a £50,000 Santander Bounce Back Loan, with £15,000 repaid as a settlement. […]
BBL Blaggers
Ehsan Mohammad-Vali, Pizza Bella Chicken Ltd Director, Banned for 10 Years After Misusing £50k Barclays Bounce Back Loan on a Car Purchase, Leaving Taxpayers Liable Amid Ill Health and No Fund Recovery
Ehsan Mohammad-Vali, director of Pizza Bella Chicken Ltd, has been handed a 10-year directorship ban after fraudulently obtaining a £50,000 Bounce Back Loan from Barclays. He used the funds, intended to support businesses during the Covid-19 crisis, to purchase a car, which he later sold. Mohammad-Vali failed to repay the loan, leaving taxpayers to cover the cost. Due to his reported ill health, no funds have been recovered.
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BBL Blaggers
Birmingham Director Banned for 10 Years for Misrepresenting Turnover to Secure NatWest Bounce Back Loan, Exposed by Insolvency
A Birmingham director faces a 10-year ban after inflating her business turnover to obtain a NatWest Bounce Back Loan. […]