Case details for Vasile PASCA

Name: Vasile PASCA


Date of Birth: 25 / 6 / 1970

Date Order Starts: 18 / 3 / 2022

Disqualification Length: 7 Years 0 Month(s)

CRO Number: 10509152

Last Known Address: 15 Wellington Drive,, , , , DAGENHAM,, RM10 9XX

Conduct: Between the 21 May 2020 (date the Bounce Back Loan was credited) and 30 June 2021 (date of liquidation), Vasile Pasca obtained a Government Backed Covid-19 Bounce Back Loan (hereinafter referred to as BBL) of 50,000 and failed to use it in its entirety for the economic benefit of VP Construct Ltd (hereinafter referred to as VP) in that: On 21 May 2020, the sum of 50,000 was paid into VPs bank account, being the BBL. Following the receipt of the loan, the account balance stood at 51,935.84 in credit; From these funds, between 21 May 2020 and 30 June 2021, 4,360.35 net was paid out of VPs bank account for business expenses. During the same period, net payments totalling 41,897.84 were made to Vasile Pascas personal bank account or for what appears to be his own benefit and 5,870 was withdrawn in cash. On 30 June 2021, VP entered liquidation with liabilities totalling 50,582.50 of which 50,000 corresponded to the BBL. On the same date, the bank account balance was 218.65 in credit. 

This information is correct as at 25 / 2 / 2022

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