- Two businessmen were convicted of loan fraud — one used a £25,000 Covid Bounce Back loan as part-payment for a €245,825 (≈£210k) house in Lanzarote.
- Both pleaded guilty and received suspended sentences (three years suspended for one, 10 months suspended for the other).
- The Insolvency Service will pursue money recovery at a Proceeds of Crime hearing and says it will hold loan abusers to account.
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