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Director Banned for Covid Loan Fraud

Published 12 hours ago
Description

John Rose, a sixty-eight-year-old director from Bangor, Northern Ireland, has been banned from running companies for eleven years. He led Oibas Ltd, an aerospace firm, and falsely claimed a Covid bounce back loan, spending the full amount on personal expenses. The firm went into liquidation, owing around twelve thousand pounds, and was dissolved later that year. This case is part of a pattern of increased disqualifications for directors of small aerospace companies in the region, with pandemic fraud costing taxpayers ten point nine billion pounds.

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