Building contractor Tahir Haq overstated his company turnover by almost 拢200,000 to obtain a 拢50,000 covid loan when it was only entitled to just over 拢3,000.
Tahir Haq obtained a 拢50,000 Bounce Back loan for building completion and freight transport company Integral Maintenance Team Ltd in late 2020.
However, his company was only entitled to about 拢3,000 under the scheme.
The 46-year-old, of Norman Avenue, Southall, provided no evidence that some of the funds he received were used for the economic benefit of his business, including cash withdrawals and money, which was paid to a housing scheme in Pakistan. Haq supplied no documents which demonstrated that the housing scheme was connected to his company.
Haq was disqualified as a company director for 11 years at a hearing of the High Court in London on Tuesday 10th June 2025.
He was also ordered to pay compensation of 拢46,778, as well as interest on the loan totalling 拢4,078, and additional costs of 拢8,107.
The disqualification order prevents Haq from being involved in the promotion, formation or management of a company without the permission of the court.
Insolvency Service chief investigator Kevin Read said: "Tahir Haq overstated his company's turnover by almost 拢200,000 to secure the maximum Bounce Back loan available. Our investigation revealed he used some of this money for personal purposes, including payments to a housing scheme in Pakistan.
鈥淭he 11-year disqualification and requirement to repay all the money he was never entitled to demonstrates our commitment to holding directors financially accountable when they misuse Covid support schemes."
Haq was the sole director of Integral Maintenance Team Ltd, which was set up in July 2018.
The company鈥檚 trading was described on Companies House as 鈥榦ther building completion and finishing鈥� and 鈥榝reight transport by road鈥�.
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