Director Ban – Page 12 – Bounce Back Loan

Director Sentenced for Misusing Bounce Back Loans on Holidays

Muhammadh Chaudhry received a two-year suspended sentence for fraudulently obtaining two Bounce Back Loans for a non-trading company, spending funds on holidays in Pakistan. […]

Ruxanda Guja of Roxy Contracts Limited Banned for 13 Years and Ordered to Pay £114,630 for Illegally Securing £145,000 in Three Bounce Back Loans

Ruxanda Guja, a Romanian director of Roxy Contracts Limited, faces a 13-year ban, starting Christmas Eve, and must pay £107,038 plus £7,592 in costs for fraudulently obtaining three Bounce Back Loans totalling £145,000 from Barclays, Lloyds, and HSBC. […]

Director Banned for 7 Years for Failing to Pay Immigration Fine and Barclays Bounce Back Loan After Raids

A director faces a seven-year ban after immigration raids resulted in a fine for employing illegal workers, which he failed to pay, alongside closing his business and defaulting on a Barclays Bounce Back Loan. […]

Companies House Unveils Reforms to Combat Bounce Back Loan Scheme Abuse

Companies House’s “Strategic Intelligence Assessment” outlines plans to modernize and prevent system abuse, revealing how directors exploited the Bounce Back Loan scheme and proposing tougher oversight. […]

Bounce Back Loan Fraudsters Unmasked: Convictions and Lenient Penalties Revealed

A new report exposes Bounce Back Loan fraudsters, detailing convictions and cases where culprits escaped with minimal penalties, highlighting the challenges in tackling widespread BBL misconduct. […]

Immigration Raids Target Car Washes and Takeaways in Bounce Back Loan Fraud Sweep

• New immigration raids on businesses like car washes and nail salons aim to catch Bounce Back Loan fraudsters, with three directors recently banned. […]

Nick Addison, Director of Addison’s Quality Ltd, Receives 13-Year Ban for Misrepresenting Turnover to Secure £50,000 Barclays Bounce Back Loan

Nick Addison, director of Addison’s Quality Ltd, has been banned for 13 years, the longest disqualification for Bounce Back Loan misuse, for inflating turnover to secure a £50,000 Barclays Bounce Back Loan. The ban was imposed by the High Court. […]

Yaqoob Hussain, Director of I&S Furniture Ltd, Banned for 9 Years for Misrepresenting Turnover to Secure £50,000 Barclays Bounce Back Loan

Yaqoob Hussain, director of I&S Furniture Ltd, faces a nine-year ban for exaggerating turnover to secure a £50,000 Barclays Bounce Back Loan. The disqualification underscores misuse of pandemic relief funds. […]

Exposed – Key Warning Signs (Including Real-Life Cases) Lenders Scrutinize Before Targeting Bounce Back Loan Defaulting Limited Companies for High Court Winding-Up, and the Consequences That Follow

Uncover the red flags lenders use to target defaulting Bounce Back Loan companies for High Court wind-ups, with real cases and their fallout revealed. […]

Insolvency Service Persists in Robust Campaign to Address Bounce Back Loan and Other COVID Loan Misconduct

The Insolvency Service ramps up its aggressive campaign to tackle Bounce Back Loan and other COVID loan misconduct, targeting fraudulent borrowers. […]