Anna Daroy served as interim chief operating officer and later as interim director general of the Institute of Directors for a year from October 2018.
In a report on Thursday, the Insolvency Service said that six months after leaving her role at the IoD, she secured two maximum-value £50,000 Bounce Back Loans from separate banks for management consultancy Globepoint Associates Ltd.
She received the £100,000 in loan funds within a five-day period in May 2020.
Globepoint Associates Ltd went into liquidation in March 2023, with both Bounce Back Loans outstanding, said the Insolvency Service.
Kevin Read, chief investigator at the Insolvency Service, said: “Anna Daroy abused the Bounce Back Loan Scheme by obtaining two loans when…