- Salih Ozhot applied for a £50,000 Bounce Back Loan to support his business, but ended up using the money for his own personal gain
- His actions were described by Insolvency Service investigators as “cynical”, “sophisticated” and “pre-planned”
- Ozhot, who was declared bankrupt in 2021, will have to repay the loan in full
A North London man who admitted cheating taxpayers out of £50,000 by fraudulently applying for a Covid loan has been ordered to pay the money back in full.
Salih Ozhot, 41, was sentenced to two years in prison, suspended for two years, when he appeared at Wood Green Crown Court on Friday 2 February.
The Insolvency Service also successfully applied for a compensation order, meaning Ozhot will have to repay the £50,000 he…
