London hotelier fraudulently obtained £450,000 in Covid 'bounce back' loans

UK hotelier blamed banks after £450,000 Covid loan fraud

A London hotelier received a suspended three-year prison sentence for fraudulently obtaining £450,000 through nine Covid loan applications. Learn more abou Read More: https://punchng.com/uk-hotelier-blamed-banks-after-450000-covid-loan-fraud/

London hotelier fraudulently obtained £450,000 in Covid 'bounce back' loans

Richard Courtenay’s nine loan applications in May and June 2020 involved fraudulent declarations about the turnover of five companies and applying for multiple loans when businesses were only allowed one

London hotelier sentenced over £450k Covid loan fraud

Richard Courtenay secured nine Bounce Back Loans for five companies, only repaying funds after an Insolvency Service investigation. Read the full story at Hotel Owner.

London hotelier sentenced for exploiting Covid support scheme nine times to fraudulently claim £450,000

He illegally obtained the funds for five separate companies