Case details for Oleg Leu

Name: Oleg Leu


Date of Birth: 2 / 7 / 1985

Date Order Starts: 1 / 12 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 06563329

Last Known Address: 54 STATION ROAD, , , , BILLERICAY, CM12 9DR

Conduct: Mr Oleg Leu (“Mr Leu”) caused L&M Installing Limited (“L&M”) to make a fraudulent application for a second BBL of £50,000 (received on 13 May 2020), which L&M was not entitled to, in breach of the BBL terms and conditions. In that; • Under the BBL scheme businesses were able to apply for up to 25% of their turnover to a maximum of £50,000. Businesses which originally borrowed less than the maximum amount available to them under the Scheme were eligible to top-up their original loan, however the total loan amount was not to exceed 25% of the business’s turnover. Only one loan was available to businesses. • On 06 May 2020, Mr Leu made an application for a BBL of £50,000 on behalf of L&M and the BBL funds were paid into L&M’s bank account on 07 May 2020. • On 09 May 2020, Mr Leu made a further BBL application of £50,000 (after already receiving the first set of funds) on behalf of L&M via a different bank which was received on 13 May 2020. • The application forms for the BBL clearly stipulate that “I/We confirm that this is my/our only application for a Bounce Back Loan”. • Total liabilities at liquidation/administration amount to £2,147,177.54 of which £83,508.89 relates to amounts owed in respect of the 2 BBLs. 

This information is correct as at 10 / 11 / 2023

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