£58k bounce back loan fraudsters get 18-year ban

A personal trainer and a roofer have been given a collective 18-year director ban after fraudulently obtaining bounce back loans (BBL) of £58,000.
The Insolvency Service has issued personal trainer Junaid Dar, from Birmingham, a 11-year director ban and has placed self-employed roofer David Michael Godderidge, from Tamworth, under bankruptcy restrictions for seven years which means he cannot act as a company director without permission of the courts.
The two Midland based individuals, through separate applications, applied for bounce back loans that they were not entitled to by applying through multiple lenders and inflating the price of their company’s takings to obtain loans worth £58,500 through the Covid-19 business support scheme.