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IT consultant given 13-year directorship ban after concealing Covid loan

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2024-04-22 10:30:07

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The director of an IT and software development company has been given a 13-year directorship ban after applying for two Covid Bounce Back Loans and hiding the existence of one when his company went into liquidation.

Syzmon Jastrzebski was the sole director of E Marketing Ltd, a company incorporated to provide software development and IT support.

The order, which began on Tuesday 16 April, prevents the 24-year-old from becoming involved in the promotion, formation or management of a company, without the permission of the court.

Syzmon Jastrzebski caused his E Marketing business to breach the conditions of the Bounce Back Loan Scheme, designed to support business during the pandemic.

Jastrzebski applied for two Bounce Back Loans when the rules of the scheme were very clear that only one application could be made for an individual business. He compounded this by failing to disclose the existence of the first loan he secured when his company went into liquidation.