Adebanjo Adebayo Talabi, the director of Bebo Building Restricted, has won a suspended jail sentence, a neighborhood carrier order and a six-year director ban after pleading responsible to 3 counts of fraud through false illustration.
Right through the pandemic, Talabi submitted 3 claims for Covid Jump Again Loans totalling £150,000 through exaggerating his corporate’s turnover
In line with its exact turnover, the corporate would were entitled to at least one mortgage of roughly £1,300.
Adebanjo Adebayo Talabi, from Alvey Side road, Walworth, used to be the director of Bebo Building Restricted. An Insolvency Carrier investigation discovered the 42-year-old implemented for 3 loans, between August and November 2020, from 3 separate banks.
Talabi pleaded responsible to 3 counts of fraud through false illustration and used to be sentenced at Southwark Crown Courtroom on 24th February 2026. He won a two-year jail sentence, suspended for 2 years on situation of finishing 200 hours of unpaid paintings, and used to be disqualified from being an organization director for 6 years.
Right through sentencing, it used to be famous that Talabi has begun to pay off the cash owed and, as such, the Insolvency Carrier might not be pursuing motion below the Proceeds of Crime Act.
Insolvency Carrier leader investigator David Snasdell stated: “That is important sentence which imposes quite a lot of long-term restrictions on Adebanjo Adebayo Talabi, whilst bearing in mind his responsible plea and efforts to pay again the cash his corporate owes.
“The Insolvency Carrier will proceed to pursue those that exploited the Covid Jump Again Mortgage scheme, aimed toward supporting suffering companies throughout the pandemic.”
Talabi effectively implemented for 3 Jump Again Loans for Bebo Building Restricted – every price £50,000 – on 1st August, 20th August and 5th November 2020. On every instance he affirmed that the corporate’s turnover used to be between £200,000 and £220,000 – which used to be discovered to be considerably inflated. For the second one and 3rd mortgage, Talabi falsely mentioned that they have been the primary and handiest mortgage programs for the corporate.
Moreover, proof from the Insolvency Carrier investigation discovered that the loans were transferred to non-public accounts and no longer used for the commercial good thing about the corporate, which used to be a demand of the scheme.
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