Case details for SELVENDRAN RAMAR



Date of Birth: 14 / 4 / 1987

Date Order Starts: 7 / 12 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 12539255

Last Known Address: 62 Douglas Crescent, , , , SOUTHAMPTON, SO19 5JQ

Conduct: Mr Selvendran Ramar (“Mr Ramar”) caused SJSA Limited (“SJSA”) to obtain a Bounce Back Loan (“BBL”) totalling £45,000 which it was not entitled to, and failed to ensure the funds were used for the economic benefit of SJSA in breach of the terms and conditions of the BBL, in that: Companies incorporated before 01 January 2019 could apply for a loan of up to 25% of turnover in the calendar year 2019, from a minimum of £2,000 up to maximum of £50,000. If the company was incorporated after 01 January 2019, then an estimated annual turnover could be used by the applicant. Companies which were not actively trading on or before 01 March 2020 were not permitted to access the BBL scheme. SJSA was incorporated on 30 March 2020. Between the opening of SJSA’s bank account 17 April 2020 and 25 June 2020, SJSA received funds totalling £5,529. On 25 June 2020, Mr Ramar made an application for a £45,000 BBL on behalf of SJSA. In that application, Mr Ramar declared SJSA had annual turnover of £180,000. SJSA received a BBL of £45,000 into its bank account on 06 July 2020, resulting in a balance of £46,804 in credit. Between 06 July 2020 and 10 July 2020, SJSA paid £35,000 to Mr Ramar. On 08 July 2020, SJSA paid £10,000 to a member of Mr Ramar’s family. Between receiving the BBL on 06 July 2020 and 10 July 2020, SJSA received further funds of £275. At liquidation SJSA had declared liabilities of £45,000, the entirety of which is owed in respect of the unpaid BBL. 

This information is correct as at 17 / 11 / 2022

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