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Bradford
Thursday, July 25, 2024

Man in court over Covid bounce back loan charges

A man has appeared in court to face a series of charges relating to an alleged Covid bounce back loan fraud.

Shohid Ahmed has been charged with five charges relating to Bradford based company Red Square Restaurants LTD.

They date back to the early days of the Covid 19 pandemic.

He gave no indication as to how he will plead when he made his first appearance at Bradford Magistrates Court on Thursday.

The charges faced by Ahmed (39) of Bardsey Crescent, include three counts of fraud:

  • On 06/05/2020 committed fraud in that you dishonestly made a false representation, namely by signing the agreement in the name of Taslima Akhtar who was not a director of Red Square Restaurants Ltd, that the business had been trading on 1 March 2020 intending to make a gain, namely or another, made representations to Santander for a Bounce Back Loan which were and which you knew were or might be untrue or misleading, namely , for yourself.
  • On 12/05/2020 committed fraud in that you dishonestly made a false representation, namely by signing the agreement Taslima Akhtar who was not a director of Red Square Restaurants Ltd, that the business had been trading on 1 March 2020 that the funds would be used for the economic benefit of the business, intending to make a gain, namely or another, made representations to Santander for a Bounce Back Loan which were and which you knew were or might be untrue or misleading, for yourself.
  • On 15/06/2020 committed fraud in that you dishonestly made a false representation, namely by signing the agreement as Taslima Akhtar who was not a director of the Red Square Restaurants Ltd. that the business had been trading on 1 March 2020 that this was the companies first and only Bounce Back Loan, intending to make a gain, namely or another, made representations to Starling Bank for a Bounce Back Loan which were and which you knew were or might be untrue or misleading, for yourself.

He also faces one count of making a false or misleading statement:

  • On 11/07/2020 knowingly caused to be delivered to the register a document which is misleading, deceptive or false in a material particular namely the identity of the directors of Red Square Restaurants Ltd.

The final charge is for falsely accounting for property as company winds up:

  • Between 31/07/2020 and 25/11/2021, being an officer of Red Square Restaurants Ltd, a company which was being wound up, attempted, after the commencement of the winding up, to account for part of the company’s property by fictitious losses or expenses in that on 31 July 2020 attempted to account for any part of the company’s property namely £15,000.

Magistrates were told the charges were so serious that the case could only be dealt with in Crown Court.

Ahmed will next appear in court on 18 July.

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