Director Ban – Page 22 – Bounce Back Loan

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. […]

Shakhawath Hossain of Leominster Food Limited Banned for 11 Years for Falsifying Turnover and Misusing £50,000 Bounce Back Loan, Co-Director Banned for Immigration Fine

Shakhawath Hossain, director of Leominster Food Limited, faces an 11-year ban for over-estimating his company’s turnover to secure a £50,000 Bounce Back Loan and not using it for business purposes. […]

Mehmet Aydemir, Director of Lowermill Limited, Hit with 6-Year Ban for Over-Estimating Turnover to Secure £50,000 Bounce Back Loan from Barclays

Mehmet Aydemir, director of Lowermill Limited, faces a six-year ban after inflating his company’s turnover to obtain a £50,000 Bounce Back Loan from Barclays, misusing funds meant for business support. […]

Abid Mohammed of Right Deals 4U Ltd Banned for 10 Years for Grossly Inflating Turnover to Secure NatWest Bounce Back Loan and Top-Up

Abid Mohammed, director of Right Deals 4U Ltd, has been disqualified for 10 years after significantly exaggerating his company’s turnover to obtain a Bounce Back Loan and a top-up from NatWest. […]

Having Already Been Locked Up For Abusing the BBL Scheme Last August, Syed Hussain the Director of Magic of Spice Ltd Has Just Been Ordered to Repay £36,200 Of The Money he Blagged

Syed Hussain, previously jailed for Bounce Back Loan fraud, has been ordered to repay £36,200, marking another step in the recovery of misused funds.
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