First compensation order secured in court to repay taxpayer-backed Bounce Back Loan fraudulently secured during the pandemic.
Marian Ghimpu, 58, from Croydon, has been disqualified as a director for 13 years, and ordered to repay over 50,000 to the public purse.
The compensation order, the first secured by the Insolvency Service in court, is the result of abuse of the Bounce Back Loan scheme by Ghimpu during the pandemic.
In October 2020, he took out the maximum 50,000 available despite his company only being eligible for a loan of 2,000, the minimum amount available
The bank accounts for his company, Deea Construct Ltd, showed no activity for a year up to the point when he claimed the loan, and only a handful of …
Read the full article at: https://www.gov.uk/government/news/croydon-director-hit-with-13-year-ban-and-compensation-order