In his role as Head of Litigation and Insolvency, Restructuring & Insolvency Partner Ali Zaidi recently spoke to The Sunday Times’ Jill Treanor, concerning bounce back loan use and abuse.

There have been an array of uses for the loan and Ali Zaidi said: “I was told the director used £25,000… to pay off his drug dealer and put the remaining £25,000 on an account for future drug suppliers.”

Read the full article in The Times here (subscription may be required).

A recording of the Edwin Coe webinar discussing “Beware the use and abuse of Furlough and Bounce Back Loans” is available here.


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