Arun Malhotra the Director of RAM Online Services Limited Chanced His Arm and Blagged a £30,000 Bounce Back Loan By Claiming His Business Turnover Was £120k When It Was Nowhere Near That Amount and Is Today Starting a 10 Year Ban as Punishment
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Corruption Commissioner
HMRC, Cabinet Office and the Department of Business and Trade Have Now Flagged Bounce Back Loan Recipients Whose Actual Turnover Didn’t Match Their BBL Application and/or LTD Companies Who Were Not Registered for VAT But Declared a BBL Turnover Figure That Required VAT Registration