Bounce Back Loan Fraud | NCA Make First Arrest | Kangs Fraud Offences Defence Solicitors
On 13 October 2020 we published an article on this site warning against potential fraudulent use of the Government’s ‘Bounce Back Loan Scheme.’
To access that article please follow the link:
On the 27 October 2020 the National Crime Agency confirmed that it had effected its first arrest of an individual suspected of committing such a fraud.
Our team is led by Hamraj Kang who is recognised as a leading expert in the field. He is one of only two solicitors nationally to be ranked as a ‘star individual’ for six consecutive years in the leading law directory Chambers & Partners.
Other members of the team are ranked in the Legal 500 and also ranked in Chambers & Partners.
For an initial no obligation discussion, please call our Team at any of our offices detailed below:
The Circumstances Of The Arrest | Kangs Bounce Back Loan Fraud Solicitors
The National Crime Agency released the following information on the 27 October 2020:
‘A 52 year old man from Hertfordshire was arrested this morning in connection with potential offences against the Bounce Back Loan scheme and other frauds.
He was arrested at his home address in Hoddesdon and a search of his premises and a lockup recovered £17,000 in cash and a number of high value watches.
NCA Branch Commander Simon Gower commented: “This arrest is the first by the NCA in relation to potential fraud against the Government’s Bounce Back Loan scheme. The man arrested is suspected of falsely applying for the loan and allegedly using the money on personal items.”
Any fraudulent applications against the scheme may be criminally prosecuted for which penalties include imprisonment or a fine or both.
The investigation is on-going.’
The arrest clearly shows that the authorities are actively investigating fraudulent claims being made against Government schemes brought in to assist individuals and companies during the Covid-19 pandemic.
How Can We Assist You? | Kangs Financial Crime Solicitors
Kangs Solicitors fields a nationally recognised financial crime defence team. We have over twenty years’ experience representing clients across the country accused of committing high value multi-million-pound fraud offences.
We represent a wide range of clients including corporates, professional individuals such as lawyers, accountants and stockbrokers as well as other private individuals such as company directors and shareholders.
How To Contact Us | Kangs National Criminal Defence Solicitors
We welcome new enquiries by telephone or email and, when necessary, our expert 24/7 Rapid Response Police Station Team is here to assist you on 07989 521 210 should you require advice and assistance out of office hours.
Our team of lawyers is available to meet at any of our offices in London, Birmingham or Manchester or, alternatively, we are happy to arrange meetings via video conferencing.
For initial enquires please contact: