
Lloyds Ordered to Reinstate Bounce Back Loan and Remove Credit Markers, Ombudsman Upholds Complaint

A person unassociated with a business since 2014 was held liable for half a NatWest Bounce Back Loan. […]
Mohamed Aly Ibrahim Mansour Abd El Rasoul, director of I Eat Limited, has been banned from directorship for 8 years after exaggerating his company’s turnover to obtain a £50,000 Lloyds Bank Bounce Back Loan. The Insolvency Service ruled that his actions constituted deliberate misuse of the loan scheme. […]
NatWest offered £400 for a Bounce Back Loan-related issue. The Ombudsman dismissed the complaint, finding no grounds for additional action. […]
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