Insolvency Service announces two-year sentence for £100,000 BBL fraud
The Insolvency Service has announced that Bradford restaurateur Shohid Ahmed has been sentenced to two years' imprisonment after fraudulently obtaining £100,000 in bounce back loans (BBL). Ahmed made three applications using his wife's name, with two being successful. He falsely claimed that an innocent tenant of his father's property was the company director, fabricated a £15,000 renovation invoice from a non-existent design firm, and misrepresented himself as a waiter earning a salary of £12,000. Ahmed pleaded guilty to offences under the Fraud Act 2006 (FrA 2006), Companies Act 2006 (CA 2006) and Insolvency Act 1986 (IA 1986). He has repaid £5,000 to date, with the Insolvency Service pursuing recovery of remaining funds under the Proceeds of Crime Act 2002 (POCA 2002). Ahmed was previously disqualified as a company director for 11 years in December 2021.