Anthony James Killarney, 62, from Brentwood, has been given an 11-year ban for falsely claiming a 50,000 Bounce Back Loan for his property development firm.
Killarney was the sole director of K11 Developments Ltd, which was incorporated in August 2015 and traded as a property development company based in Essex until it went into liquidation in November 2021.
In May 2020, Killarney applied for a Bounce Back Loan for K11 Developments Ltd, stating the companys 2019 turnover as 600,000. This led to the company receiving the maximum 50,000 loan.
Bounce Back Loans were a government scheme to help support businesses through the Covid-19 pandemic. Under the rules of the scheme, companies could apply for loans of between 2,000 and 50,000, up to …
Read the full article at: https://www.gov.uk/government/news/essex-property-developer-banned-for-falsely-claiming-bounce-back-loan