Family sentenced after fraudulent Bounce Back Loan applications totalling £150,000
A family from Ilford has been sentenced for defrauding £150,000 from the UK government’s Bounce Back Loan (BBL) scheme, designed to support businesses during the COVID-19 pandemic. Kashid Rashid, his wife Noreen Malik, nephew Rehaan Mohammed, and brother Rizwan Haider created or exploited false business entities to secure three separate loans of £50,000 each. They also submitted an additional application that was rejected. The loan funds were diverted for personal use, including home renovations, private school fees, vehicles, and settling credit card debts. National Crime Agency investigators found voice recordings of Rashid discussing falsifying invoices, and evidence emerged that the... [Continue Reading]
360LiveNews | 11 Mar 2026 10:45
Fraud Strategy launch
The UK government formally launched an updated national Fraud Strategy under the leadership of Home Office Minister David Hanson. Tasked with revising the approach after the July 2024 election, Hanson emphasized partnerships with the private sector, banks, and City of London Police to adapt to evolving fraud threats. This new strategy follows 18 months of development and aims to strengthen fraud prevention, detection, and enforcement capabilities nationwide. It targets various forms of financial fraud that impact individuals, businesses, and the broader economy. By enhancing cooperation between government agencies and industry, the initiative seeks to close enforcement gaps and respond more... [Continue Reading]
360LiveNews | 10 Mar 2026 18:45
