A Bradford used car dealer has been ordered to repay the Covid funds. According to the Insolvency Service, the 49-year-old must repay all the money within three months. If he fails to do so, he could face six months in prison and would still be required to pay back the funds. He had previously admitted fraudulently applying for a £50,000 Covid Bounce Back Loan for Natasha Motors Ltd in 2020. “Pursuing confiscation under the Proceeds of Crime Act is a priority for the Insolvency Service, ensuring criminals cannot hold on to the proceeds of their fraud.