John Gerard McGarvey, 37, from Rutherglen, was the sole director of CKO Civil Engineering and Surveying, which was included in October 2019 and ran as a property surveyor’s company based in Kirkinitlloch in Scotland till it entered into liquidation in November 2021.
Private investigators found that McGarvey had actually looked for 2 loans– which protested the guidelines of the plan– and had actually overemphasized CKO’s turnover both times to acquire optimal loans. The business’s newest accounts revealed a turnover of just around ₤ 46,400.
Steven McGinty, Investigation Manager, stated: “Not just did John McGarvey grossly overemphasize the business’s turnover to protect a preliminary loan, he likewise used to a 2nd bank for another loan his business wasn’t entitled to. To intensify his actions, he utilized the cash for his individual gain.
“His 11-year restriction ought to function as a caution that if you abuse federal government assistance, we will utilize our complete powers to bring you to account.”