Are you sure you want to delete your account?
You have indicated you do not agree to our terms of use, do you wish to delete your account?
Why not sign up?

You will also be registered for the agent to contact you via other means you provide, with information relevant to your property search.

There was an error creating your account, please try again. If the problem persists, please contact us and we will investigate.
Password does not match
How would you like to be contacted?

Fraudulent company directors caught!

Published: 22/07/2021 By Jane Price

Action taken against company directors abusing COVID-19 financial Support loans

Since February 2021, the Insolvency Services has successfully petitioned to the Courts to wind up five limited companies for fraudulent COVID-19 business support loans. Details of which can be found here

Dave Elliott, Chief Investigator at the Insolvency Service, said:
‘’The Bounce Back Loan scheme was made available to help support businesses during the pandemic. It is outrageous that some directors have been trying to abuse this support, and the action we have taken shows we take this issue extremely seriously.

I urge anyone who suspects a company has been inv
olved in this kind of abuse, or has information about directors fraudulently obtaining Covid business support, to alert us immediately.’’

Extra powers will soon be given to The Insolvency Service to allow them to investigate Bounce Back Loan fraud in cases where companies have been dissolved. Our senior partner Martin Armstrong blogged about this on the 17th May. To read his article click here.