A tourist organizer was imprisoned in Blackburn for more than two years after obtaining loans that bounce off £ 50,000, although companies that are entitled to only get one.
Raja Emez, 52 years old from London Street, Blackburn, unintentionally obtained loans in June and July 2020 on behalf of his company, Al Fayroz Travel & Tourism Limited. Investigations by the insolvency service found that he had falsely announced in his second request that it was the only demand for the company, although he had already received the first amount.
In Prestton Crown Court on September 18, IMTIAZ was sentenced to two years and two months in prison, and he was not rehabilitated as a six and a half years manager.
IMTIAZ told the investigators that he only made the second request because it was not sure whether the first loan had been approved. However, the evidence showed that the first 50,000 pounds was already paid when he made the second claim.
“Raja took advantage of a plan designed to support small companies during the epidemic. The rules were clear – companies were only allowed to provide one loan,” said David Senselell, Senior Service Service.
Al Fayroz Travel & Tourism Limited was established in October 2017, with the appointment of IMTIAZ as director in 2019. Lutan loan requests were submitted to separate banks just weeks away during the epidemic.
The Bound Back loan scheme, which was launched in May 2020, is designed to provide rapid support to small companies struggling during Covid, as it provided loans of up to 50,000 pounds backed by government guarantees.
The issue emphasizes the ongoing efforts made by the organizers to follow up on the fraud on loans, which cost the taxpayers in the United Kingdom. The authorities have pledged to misuse Covid support plans, with no eligibility, prosecution and prison sentences now as a result of those who were convicted.
The post Blackburn tour operator jailed after £100k Covid loan fraud first appeared on Investorempires.com.
