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Blackburn tour operator jailed after £100k Covid loan fraud
['Amy Ingham', 'Amy Is A Newly Qualified Journalist Specialising In Business Journalism At Business Matters With Responsibility For News Content For What Is Now The Uk S Largest Print', 'Online Source Of Current Business News.']
Business Matters
A Blackburn tour operator has been jailed for more than two years after fraudulently securing two £50,000 Covid Bounce Back Loans, despite companies only being entitled to one.
Imtiaz told investigators he only submitted the second application because he was unsure whether the first loan had been approved.
David Snasdell, Chief Investigator at the Insolvency Service, said: “Raja Imtiaz exploited a scheme designed to support small businesses during the pandemic.
The case underscores the continued efforts of regulators to pursue Bounce Back Loan fraud, which cost the UK taxpayer billions.
Authorities have pledged to clamp down on abuse of Covid support schemes, with disqualifications, prosecutions and jail sentences now a growing outcome for those found guilty.
['loan'
'support'
'insolvency'
'second'
'loans'
'businesses'
'covid'
'bounce'
'operator'
'tour'
'100k'
'imtiaz'
'jailed'
'service'
'fraud'
'blackburn']