Case details for Malek Karzai

Name: Malek Karzai

Name: London MK Ltd

Date of Birth: 30 / 11 / 1989

Date Order Starts: 3 / 1 / 2023

Disqualification Length: 5 Years 0 Month(s)

CRO Number: 09736031

Last Known Address: 40 Station Road,, , , , HARROW,, HA1 2SQ

Conduct: London MK Ltd ("LMKL") obtained a Bounce Back Loan (“BBL”), on 28 May 2020, in the maximum available sum of £50,000 and Malek Karzai (“Mr Karzai”) misused at least £26,500 of the BBL funds by transferring moneys to myself totalling at least £21,900 and paying £5,000 to a company for which there is no evidence of any direct economic benefit of LMKL. In that: In applying for the BBL on behalf of LMKL, Mr Karzai agreed that it would be used wholly for the purposes of the business and not for any personal or non-business purpose; on 28 May 2020, LMKL received BBL funds of £50,000; between 26 June 2020 and 06 July 2020 Mr Karzai received moneys totalling £21,900 and described by him as “dividends”; on 4 July 2020 £5,000 was transferred to a limited company for which there is no evidence of any contractual obligations or economic benefit to LMKL; as at the date of liquidation, Mr Karzai completed and signed a Statement of Affairs showing that LMKL had an overall deficiency of £57,175, including outstanding liabilities to the bank (£50,000), to trade and expense creditors (£2,000), to employees (£6,875) and to HMRC (£1,800). 

This information is correct as at 13 / 12 / 2022

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