Name: Murad Aslam

Name: Aim Pvt Limited

Date of Birth: 1 / 4 / 1971

Date Order Starts: 18 / 6 / 2025

Disqualification Length: 10 Years Years 0 Month(s)

CRO Number: 12102856

Last Known Address: 1b Washington Road, , , , LONDON, E6 1AJ

Conduct: On 07 May 2020 Mr Murad Aslam (‘Mr Aslam’) caused Aim Pvt Limited (‘APL’) to apply for a Government-backed Bounce Back Loan (‘BBL’) of £50,000 for which it was not eligible as it was not carrying on its business on 01 March 2020. Mr Aslam failed to ensure that the proceeds of the loan were used in their entirety for the economic benefit of APL’s business. In that: • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), from £2,000 to a maximum of £50,000; On 07 May 2020 Mr Murad Aslam (‘Mr Aslam’) caused Aim Pvt Limited (‘APL’) to apply for a Government-backed Bounce Back Loan (‘BBL’) of £50,000 for which it was not eligible as it was not carrying on its business on 01 March 2020. Mr Aslam failed to ensure that the proceeds of the loan were used in their entirety for the economic benefit of APL’s business. In that: • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), from £2,000 to a maximum of £50,000; • The further conditions of applying for a BBL were that a business had been carrying on its business on 01 March 2020 and the BBL application included a declaration to that effect “my/our business was carrying on its business on 01 March 2020”. • Accounts for APL for the period ended 30 April 2020 showed its turnover and expenses to have been nil; • Mr Aslam advised that the Company was dormant to 30 April 2020 and commenced trading in May 2020; • On 07 May 2020 Mr Aslam applied for a BBL of £50,000 for APL, self-certifying that it had been carrying on its business on 01 March 2020 and declaring turnover/estimated annual turnover of £200,000. Disbursal of the BBL • The terms of the BBL scheme required the proceeds to be used solely for the economic benefit of the business; • Immediately before the receipt of the BBL the bank account balance was £20cr; • On 08 May 2020 the BBL was paid into APL’s account; • Following this payments totalling £17,000 were made to Mr Aslam between 12 and 23 May 2020; • Mr Aslam has stated that these withdrawals were to pay the landlord, however no documentation has been provided in support of this explanation; • No income was received and therefore the BBL funded all except £20 of this amount; • There is no evidence that any of these payments were for the economic benefit of APL’s business. 

This information is correct as at 2 / 6 / 2025

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