Anna Bond secures acquittal in Bounce Back loan prosecution

February 28, 2023

Anna Bond from Exchange Chambers has secured an acquittal for her client in a Covid-19 Bounce Back loan prosecution.

Instructed by Charles Edwards at CKE Law, Anna represented an individual being prosecuted by the Insolvency Service for fraud arising out of his company using the scheme.

The Bounce Back loan scheme helped small and medium-sized businesses to borrow between £2,000 and £50,000, at a low interest rate, guaranteed by the Government.  Loans were made on the condition that they were not to be used for personal purposes.

After numerous disclosure requests and discussions with the Insolvency Service they offered no evidence against the defendant and formal not guilty verdicts were recorded today.