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Evening Standard
Evening Standard
National
Michael Howie

London hotelier fraudulently obtained £450,000 in Covid 'bounce back' loans

Covid-19 London The Insolvency Service
Pedestrians in central London wearing face masks during the Covid pandemic on November 22, 2020 - (AFP via Getty Images)

A London hotelier has been sentenced after fraudulently securing hundreds of thousands of pounds in Covid "bounce back" loans at the height of the pandemic.

Richard Courtenay’s nine loan applications in May and June 2020 involved fraudulent declarations about the turnover of five companies and applying for multiple loans when businesses were only allowed one.

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