UK Gov Tags, Bans Directors Misusing Bounce Back Loans
newscatcher
2023-08-25 15:32
UK Gov Tags, Bans Directors Misusing Bounce Back Loans
Ivan Hristov Fratev, 57 and Bradley Malone, 57, both from London, and Ryan William Moir, 34, from East Sussex, have been banned from running businesses for a total of 26 years, after each separately claimed £50,000 for their companies in breach of the loan scheme's rules. Fratev was also given a 2-year suspended sentence with 4 months' electronically tagged curfew, at Snaresbrook Crown Court on 23 June 2023, in addition to a 6-year ban, for dissolving his business after taking out the loan. The judge also included 15 days rehabilitation activity requirement (RAR) as part of his suspended sentence.

https://www.miragenews.com/uk-gov-tags-bans-directors-misusing-bounce-back-1072441/

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