Lukasz Nowak, 43, a self-employed builder from Hounslow, West London, was sentenced to 20 months imprisonment, suspended for two years, at Lincoln Crown Court on 27 November 2023. He was also ordered to pay 12,000 compensation to the bank from which he borrowed the money.
Nowak applied for a 50,000 Bounce Back Loan in October 2020. He received the maximum 50,000 loan after stating on the loan application that his business had a turnover of 205,000 for the previous tax year.
But the court heard that Nowak had overstated his income, which was approximately 20,000 for the relevant period, in order to claim the money.
Under the rules of the scheme businesses could claim up to 50,000, depending on their previous year’s turnover, and …
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