Case details for Ahmed Khasal

Name: Ahmed Khasal


Date of Birth: 19 / 5 / 1977

Date Order Starts: 6 / 1 / 2023

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 12058283

Last Known Address: 15 Chester Court,, Sheepcote Road,, , , HARROW,, HA1 2LJ

Conduct: Ahmed Khasal; (“Mr Khasal”) caused Your Journey Limited (“Your Journey”) to apply for and obtain two separate Government backed Bounce Back Loans (“BBL”) totalling £60,000 in breach of the BBL scheme. The second submitted BBL application contained false or inaccurate information. Thereafter in breach of the BBL scheme neither BBL was used in its entirety for the economic benefit of the business of the Company. In that: 1st BBL Your Journey was incorporated on 19 June 2019 Your Journey opened a bank account with Lloyds Bank on 01 April 2020 and applied for a BBL of £10,000 on13 May 2020 in the sum of £10,000. The proceeds were paid onto the bank account on 13 May 2020. 2nd BBL Contrary to the terms of the BBL scheme Mr Kahsal caused Your Journey to apply for a 2nd BBL Your Journey opened a further bank account with HSBC on 10 July 2020 and applied for a further BBL in the sum of £50,000. The proceeds were received into the HSBC bank account on 12 July 2020 To be eligible for a BBL of £50,000 declared turnover in the BBL application must have been in excess of £200,000 whilst accounts for the year ending 30 June 2020 show turnover of £13,354. Use of funds Between 13 and 14 July 2020, Mr Khasal withdrew £10,000 out in cash from the Lloyds Bank account. Having received credits totalling £20,000 from ‘Company ‘A’ between 05 August 2020 and 14 September 2020, £19,000 was withdrawn out in cash. Between 16 July 2020 and 16 September 2020, Mr Khasal withdrew £39,000 in cash. On 05 August 2020 a payment of £10,000 was paid to a third party (the director of Company A), the purpose of which is unknown. On 22 August 2020, £10,000 was paid to Company A, the purpose of which is unknown. 

This information is correct as at 21 / 12 / 2022

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