Another arrest has been made on suspicion of bounce Back Loan fraud.

An address in Hoddesdon, including a lockup, was searched and £17k of cash was recovered along with a quantity of high end watches.

The arrest was made on suspicion that a claim for the loan was falsely made and the money was used to purchase personal items.

Make no mistake, if the Government suspect fraud it will be investigated and they will impose fines and even imprisonment.

for more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation and business health check please telephone Stella Flemmings on 01377 257788, 01904 520116 or 01724 230060 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.  Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.