Dudley property maintenance firm boss jailed after lying to gain £50,000 Covid Bounce Back Loan

The boss of a property maintenance company who lied about his turnover to secure a maximum-value Covid Bounce Back Loan has been jailed.

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Craig Smith, of Saltwells Road in Netherton, Dudley, set up C.A.S. Property Maintenance (Midlands) Limited in April 2020.  

The Insolvency Service
The Insolvency Service

The 42-year-old applied for a Covid Bounce Back Loan in August 2020 using his own name as the loans were only available to businesses trading from the beginning of March.