An investigation found Lee Mankelow paid the £50,000 Bounce Back Loan to a former director
A businessman who misused a £50,000 emergency government loan aimed at supporting firms in the pandemic has been banned from running a company.
The 42-year-old, of Arnold, has been disqualified from operating as the director of a business for six years. Mankelow, however, transferred the full £50,000 a day after he received the loan to a former director of the company, breaching the terms of the loan which stated that the money must be used to support the business, investigators said.The service found no evidence to support his claims that the money was used to pay the wages, bonuses, dividends and expenses of the former director, who had stayed on as an employee of the company.
The 42-year-old was the sole director of the city's Lokma BBQ Ltd until the company went into liquidation in January this year.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Government plans raid on 'landlords and entrepreneurs' to plug £50 billion hole - with 'longest ever recession' loomingThe government is planning to beef up taxes on entrepreneurs, landlords and savers in a bid to plug the £50 billion black hole in Britain's finances, according to reports -after the Bank of England warned the country could be facing its longest-ever recession.
Consulte Mais informação »
Glasgow set to welcome third Scottish venture from TV chef Jimmy LeeGlasgow based chef Jimmy Lee is set to open his third Scottish restaurant, bringing a taste of Hong Kong's street food to the Southside - opening up on November 13.
Consulte Mais informação »
Gogglebox fans 'howling' as they call for Jenny and Lee to get their own showGogglebox fans say Jenny and Lee 'need their own show' after hilarious moment leaves them 'howling'
Consulte Mais informação »
The theatrical world of Lee Broom is celebrated in a new bookLee Broom: Fashioning Design, published by Rizzoli, charts the designer’s 15 years in the industry, through dramatic photography alongside contributions by Kelly Wearstler, Stephen Jones and more
Consulte Mais informação »
Man takes on four jobs to keep his business afloatLee Murthwaite is seeing a 400% increase in energy bills at the recording studio he owns.
Consulte Mais informação »