Dar deliberately made false representations to fraudulently receive three loans, chief investigator at the Insolvency Service David Snasdell stated.
He added: “Instead of using this money to support his fitness business through the pandemic as intended, he diverted significant sums for personal spending.”
Dar made fraudulent applications to three banks for Bounce Back Loans during 2020 for his fitness company, the Insolvency Service said.
His first fraudulent application was for a £13,000 loan in May 2020 and in it he claimed the turnover of JDAPRT, which went into liquidation in July 2021, was £55,000.
Two days later, Dar made a second application to a different bank for £15,000, saying his company’s turnover was now £60,000.
His third fraudulent application in September was for a loan of £17,500, when he claimed turnover was £70,000.
Insolvency Service analysis revealed the company’s turnover was closer to £61,000.
Dar admitted three charges of dishonestly making false representation to make gain for self/another or cause loss to another/expose other to risk.
Mr Snasdell said: “The Insolvency Service will not tolerate abuse of the public purse and will continue to pursue fraudsters who exploited schemes designed to help legitimate businesses during a national crisis.”
