A Salford businessman has been jailed for two years and four months after admitting he made fraudulent Covid Bounce Back loan applications for three companies and acted as a director while disqualified.
Matloob Hussain was the director of Dynasty Group Ltd, an Eccles-based wholesaler of clothes and footwear, and NA Collection Mcr Ltd, based in Manchester, which provided online sales of products such as confectionery.
In 2020, the 49-year-old successfully claimed a second £50,000 Bounce Back Loan for each company, despite each business only being entitled to one. Additionally, in his second application for a loan for NA Collection Mcr Ltd, Hussain also overestimated the company’s turnover.
The third Bounce Back Loan related to a sole-tradership, for which a £50,000 was obtained following an application where he overestimated the turnover and provided a false statement that it would be used to the benefit of the business.
Hussain was also found to have been acting as a director of Dynasty Group Ltd while disqualified. In 2021, he signed a 10-year disqualification undertaking following a separate Insolvency Service investigation relating to NA Collection Mcr Ltd.
Hussain admitted three counts of fraud and one count of acting as a director while undertaking a disqualification.
He was sentenced to 28 months imprisonment at Manchester Crown Court on 25 March 2026.
