Insolvency Service announces ten-year ban for London director for BBL fraud
The Insolvency Service has announced the disqualifiction of Shkelzen Gashi, director of Smart Tyres Services Ltd, from acting as a company director for ten years after he overstated company turnover by almost double, to obtain a £50,000 bounce back loan (BBL). The ban was ordered after investigations revealed Gashi declared a £250,000 turnover when actual figures showed £134,401. The company was instead entitled to £33,600 under the scheme. Gashi was ordered to pay costs of £5,333 and has repaid £8,000 of the loan. Smart Tyres ceased trading in August 2022 with liabilities exceeding £100,000.