Shahzad Arshad, 43, and Alexander Stewart Cooper, 70, from Glasgow, have been disqualified as company directors following separate investigations which found they had both made false claims in order to receive Bounce Back Loans for their businesses.
Shahzad Arshad was the director of two companies Town Discount Ltd and Naz Accessories Ltd which were both based in Glasgow.
Town Discount Ltd was incorporated in January 2020 and began trading a month later as a retailer of games, toys, clothes, watches and jewellery, until it went into liquidation in December 2021.
Naz Accessories was incorporated in December 2017 and traded as a clothes retailer until it went into liquidation in January 2022. Both companies traded from Dougrie Drive in …
Read the full article at: https://www.gov.uk/government/news/two-glasgow-company-directors-banned-for-a-total-of-21-years-for-bounce-back-loan-abuse