Dar deliberately made false representations to fraudulently receive three loans, chief investigator at the Insolvency Service David Snasdell stated.
He added: “Instead of using this money to support his fitness business through the pandemic as intended, he diverted significant sums for personal spending.”
Dar made fraudulent applications to three banks for Bounce Back Loans during 2020 for his fitness company, the Insolvency Service said.
His first fraudulent application was for a £13,000 loan in May 2020 and in it he claimed the turnover of JDAPRT, which went into liquidation in July 2021, was £55,000.
Two days later, Dar made a second application to a different bank for £15,000, saying his company’s turnover was now £60,000.
His third…