Case details for Syed Jawwad Inam

Name: Syed Jawwad Inam

Name: Smart Solutions 4 U Ltd

Date of Birth: 4 / 1 / 1986

Date Order Starts: 31 / 10 / 2023

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 07691485

Last Known Address: 119 Parsonage Road, , , , Grays, RM20 4AY

Conduct: On 27 October 2020 Syed Jawwad Inam (“Mr Inam”) caused Smart Solutions Limited (“Smart”) to breach the terms of the Coronavirus Business Interruption Loan Scheme (“CBILS”) by obtaining a CBIL of £76,000 but did not use the loan amount (or part of it) to repay the outstanding balance of an existing Business Bounce Bank Loan (“BBL”) previously obtained on 28 May 2020. In that; • On 27 May 2020 Mr Inam applied for a BBL of £50,000 on behalf of SMART and the BBL funds were paid into SMART’s bank account on 28 May 2020; • On 27 October 2020 Mr Inam applied for a CBIL of £76,000 on behalf of SMART; • Paragraph 6 (h) of the CBILS terms & conditions, signed by Mr Inam stated that SMART either did not have a BBL or would use the CBIL to repay the whole of any existing BBL; • The CBIL loan was paid into SMART’s bank account on 02 November 2020 but was not used to repay the whole of the BBL; • No CBIL or BBL loan repayments were made and SMART went into liquidation on 20 May 2021 with liabilities of £145,000, including £50,000 owed to the BBL lender and £76,000 owed to the CBIL lender. 

This information is correct as at 11 / 10 / 2023

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