UK TimesUK Times
  • Home
  • News
  • TV & Showbiz
  • Money
  • Health
  • Science
  • Sports
  • Travel
  • More
    • Web Stories
    • Trending
    • Press Release
What's Hot

link road from M25 J12 clockwise to M3 J2 westbound | Westbound | Broken down vehicle

9 May 2025

JFK-created Peace Corps preps for ‘significant restructuring efforts’ as DOGE targets humanitarian group – UK Times

9 May 2025

A120 westbound at a minor junction between B1256 near Great Dunmow (west) and M11 | Westbound | Road Works

9 May 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
UK TimesUK Times
Subscribe
  • Home
  • News
  • TV & Showbiz
  • Money
  • Health
  • Science
  • Sports
  • Travel
  • More
    • Web Stories
    • Trending
    • Press Release
UK TimesUK Times
Home » Building contractor sentenced for £50,000 Covid loan fraud
Money

Building contractor sentenced for £50,000 Covid loan fraud

By uk-times.com15 April 2025No Comments2 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
Share
Facebook Twitter LinkedIn Pinterest Email
  • Florin-Petrica Bodale was a building contractor and sole trader, operating in Harrow.  

  • He claimed his business had a turnover of more than £200,000 to claim the maximum Covid Bounce Back loan.  

  • He was sentenced to 13-months imprisonment, suspended for 18 months, following a hearing at Snaresbrook Crown Court.  

A building contractor who fraudulently claimed a £50,000 Covid Bounce Back loan has received a 13-month suspended sentence.  

Florin-Petrica Bodale operated as a building contractor offering plumbing, heating and air-conditioning installation and was based in Harrow, London.  

In November 2020, the 34-year-old successfully applied to a bank for a Covid Bounce Back loan of £50,000.  

But an Insolvency Service investigation found that he had falsely claimed the company’s turnover was £240,000 to receive the maximum loan available.  

In reality, the turnover of the company was around £22,000 – meaning he was only entitled to £5,500. 

On 10 April 2025, at Snaresbrook Crown Court, Bodale was sentenced to 13-months imprisonment, suspended for 18 months, for one count of fraud by false representation.   

He was also ordered to complete 250 hours of unpaid work.  

Insolvency Service Chief Investigator David Snasdell said 

Florin-Petrica Bodale falsely claimed a much higher turnover for his business and the reality of this is a notable sentence on top of his earlier disqualification as a director.  

These loans were intended to help keep small businesses afloat, not to take money from the public purse that businesses were not entitled to. 

We will continue in our efforts to bring those who abuse this scheme to justice.

In 2022, before the criminal investigation, Bodale signed a ten-year bankruptcy restriction undertaking which also included a ten-year director disqualification following a civil investigation by the Insolvency Service. 

The court noted that he had repaid some money as part of the bankruptcy process. 

Measures were introduced during 2020 to support businesses affected by COVID-19 such as loans, grants and tax allowances. 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. 

The Bounce Back loans were made on the condition that they were not to be used for personal purposes, but could be used, for example, to purchase a company asset such as a vehicle, if it would provide an economic benefit to the business. 

Further information  

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

Related News

Rough sleeping funding grant determination letter

9 May 2025

Hertfordshire waste boss to pay £79,000 gained from illegal sites

9 May 2025

Thompsons Lecture Employment law and the fundamental right to security

9 May 2025

Windsor soldier of World War 1 buried with Full Military Honours

9 May 2025

East Yorkshire Solar Farm development consent decision announced

9 May 2025

Violent man’s sentence increased after fatal stabbing

9 May 2025
Top News

link road from M25 J12 clockwise to M3 J2 westbound | Westbound | Broken down vehicle

9 May 2025

JFK-created Peace Corps preps for ‘significant restructuring efforts’ as DOGE targets humanitarian group – UK Times

9 May 2025

A120 westbound at a minor junction between B1256 near Great Dunmow (west) and M11 | Westbound | Road Works

9 May 2025

Subscribe to Updates

Get the latest UK news and updates directly to your inbox.

© 2025 UK Times. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.

Go to mobile version