Case details for Raul Ionut DRAGU

Name: Raul Ionut DRAGU


Date of Birth: 9 / 10 / 1985

Date Order Starts: 6 / 1 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 11594997

Last Known Address: 25 Galleywood Crescent,,, , , , ROMFORD, RM5 3XA

Conduct: On or around 18 May 2020, Mr Raul Ionut Dragu (‘Mr Dragu’) caused Dragu Euro Trans Limited (‘DET’) to apply for and obtain a Government-backed business bounce back Loan (“BBL”) totalling £50,000 (‘the loan monies’) of which DET was only eligible for a maximum loan of £10,250, by providing inaccurate and/or false information contrary to the terms of the loan, in that: In submitting DET’s BBL application Mr Dragu declared on its behalf that its turnover in 2019 was, or was expected to be, at least £200,000; According to DET’s financial statements for the year to 30 September 2019, turnover in that period had been £30,286; According to the company’s bank statements, trade credits of £10,713 were received into the account in the period 1 October 2019 to 31 December 2019. Mr Dragu knowingly overstated the turnover of DET by at least £159,001 in order to obtain the maximum BBL permitted The Statement of Affairs signed by Mr Dragu on 02 March 2022 shows the BBL lender as the sole creditor owed a total sum of £50,963. 

This information is correct as at 19 / 12 / 2022

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