- Faruk Chowdhury fraudulently claimed his Learn & Earn Ltd company had a turnover of £150,000 when applying for £37,500 in Covid support, despite having no genuine trading activity
- He transferred the Bounce Back Loan money to his personal bank accounts within days and used the money to pay off his own debts
- The 45-year-old was handed a suspended sentence, with the Insolvency Service now working to recover the fraudulently obtained funds
A Birmingham director has been sentenced after fraudulently inflating his company’s turnover to secure Covid support which he used to pay off his personal debts.
Faruk Chowdhury falsely claimed his company had a turnover of £150,000 and that the Bounce Back Loan would be used for legitimate…