bounce back loan fraud

Joiner sentenced after using Covid loan for personal spending

9th April 2025 Commercial Credit Management | #bounce back loan fraud

A man who ran a Joinery business in Essex has been handed a 15-month suspended sentence, and 100 hours unpaid work, after he claimed a second Covid Bounce Back Loan and used some of the money for personal spending. Charles Ling had already received a £20,000 Bounce Back Loan in May 2020 which was both…

Read more

Fraudster ordered to repay Bounce Back Loan in full

7th January 2025 Commercial Credit Management | #bounce back loan fraud

A fraudster jailed for illegally obtaining a Covid Bounce Back Loan has been ordered to pay the funds back in full with interest. Restaurant owner Ilhan Kekec overstated his company’s turnover to secure a £30,000 loan in May 2020. The 36-year-old was jailed for two-and-a-half years in March 2024 following a trial at Isleworth Crown…

Read more

Director who fraudulently applied for a Bounce Back Loan is jailed for 12 months

16th February 2023 Commercial Credit Management | #bounce back loan fraud

The director of haulage company fraudulently applied for a £50,000 Bounce Back Loan and then applied to dissolve the company has been jailed for 12 months. Kulwinder Sidhu, has been sentenced to 12 months imprisonment, after pleading guilty to offences under the Companies Act and the Fraud Act, having abused the Bounce Back Loan financial…

Read more