Insolvency Service reports sentencing of director for fraudulent BBL applications
The Insolvency Service reported that Prashant Jobanputra, director of Genesis Web Limited, was sentenced to an 18‑month suspended prison term, a three‑year director disqualification and a £5,000 fine for fraudulently obtaining two £50,000 BBLs, totaling £100,000. Jobanputra falsely declared on his second application that he had not previously sought financial support under the emergency scheme—even though businesses were permitted only one loan under the programme.