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Derby-based Temidola Ojelabi illegally obtained £80,000 in Covid support by making two separate Bounce Back Loan applications
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Funds were spent on share dealing platforms instead of supporting his business through the pandemic
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The 43-year-old has been jailed and banned as a company director following investigations by the Insolvency Service
A Derby businessman who used Covid support scheme funds on online trading platforms has been jailed.
Temidola Ojelabi secured £80,000 across two Bounce Back Loan applications for Platinum Gates Limited in 2020 when businesses were only entitled to a single loan.
Money from the loans was then used on online trading platforms when it…