Final Settlement of Just £10,000 and a 10 Year Ban Handed Out to the Director of a Company That Hadn’t Ever Traded and With £0 Turnover Who Managed to Get a £50,000 Bounce Back Loan From Metro Bank and She Pocketed it All Via Cash ATM Withdrawals
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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