Woman jailed for Covid loan fraud after pocketing more than £200,000

Businesswoman launched £190,000 fraud to buy stocks and shares and pay off debts

Rupali Wagh, 50, of Cardiff, made multiple applications for loans under the Bounce Back Loans scheme but used the money for her own personal expenses

Woman jailed for Covid loan fraud after pocketing more than £200,000

A businesswoman has been jailed for fraud during the covid-19 pandemic.

Fraudster jailed after claiming £200,000 of Covid support across four companies - Credit Connect

A fraudster who illegally obtained five Covid loans at the height of the pandemic has been jailed. Cardiff-based Rupali Wagh fraudulently applied for £216,250 in Bounce Back Loans for her four companies between May and September 2020. The 50-year-old inflated the turnover of her businesses to secure the loans and used some of the funds to buy stocks and shares. She also obtained two loans for one of her companies when businesses were only entitl…

Bookkeeper director jailed after ‘systematic’ £216k loan fraud

standfirst: Cardiff director faked turnover to obtain multiple covid loans to pay off personal debts, transfer money out of the country and buy sharesRupali Wagh, 50, from Cardiff, fraudulently applied for £216,250 in bounce back loans for her four companies over a period of only five months between May and September 2020, immediately after the scheme was launched at the outset of the pandemic.The company director inflated the turnover of her bu…

Cardiff businesswoman jailed over £216,000 Covid loan fraud

Nation.Cymru staff A Cardiff businesswoman has been jailed for more than two years after fraudulently claiming more than £216,000 through the government’s Covid-era Bounce Back Loan scheme. Rupali Wagh, 50, of Harrison Way, secured five loans worth a total of £216,250 for four companies between May and September 2020 by inflating turnover figures, making duplicate […] The post Cardiff businesswoman jailed over £216,000 Covid loan fraud appeared …

Cardiff businesswoman jailed after raiding Covid support scheme five times to fraudulently claim more than £200,000 across four companies

She fraudulently secured five Bounce Back Loans during the pandemic.   Rupali Wagh fraudulently secured £216,250 in Bounce Back Loans for her four companies in 2020.