Two men scam asking for £200,000 between them in Covid emergency loans by establishing bogus businesses was banned from operating companies. The men, both from Rotherham, triggered an investigation when they placed their company in voluntary liquidation after receiving a Return Loan, which was put in place by the government to help businesses continue to overcome lockdown. Muneef Ihsan is a director of three companies that received a total of £150,000, while Mahir Towid Ul Haque received a loan of £50,000, using part of which to buy a Rolex watch. The money has yet to be recovered, but the two men may face attempts to get it back.
