"The former Director General of the Institute of Directors has been disqualified as a company director for 11 years after abusing the government's Covid Bounce Back Loan scheme. Anna Daroy, 61, of Abbots Morton, Worcestershire, secured two maximum-value £50,000 loans for her management consultancy, Globepoint Associates Ltd, in May 2020 - despite businesses only being entitled to one. The loans, totalling £100,000, were obtained within just five days during the pandemic. Investigators found Daroy failed to repay one of the loans even after realising the company had received double the amount allowed."
"Kevin Read, Chief Investigator at the Insolvency Service, said Daroy's conduct fell far short of the standards expected of a senior business leader: "Anna Daroy abused the Bounce Back Loan Scheme by obtaining two loans when businesses were entitled to just one. When she realised her company had received double the amount, she should have repaid one of them. Bounce Back Loans were designed to provide vital support to struggling businesses during the pandemic, not to be exploited by those who did not follow the rules. As someone with such extensive senior business leaders"
Anna Daroy received two maximum-value Covid Bounce Back Loans of £50,000 each in May 2020 for Globepoint Associates Ltd, despite businesses being entitled to only one. The total £100,000 was drawn within five days and one loan remained unpaid even after awareness that the company had received double the permitted amount. Globepoint Associates entered liquidation in March 2023 with both loans outstanding. Daroy has a 35-year advisory career and held senior roles at the Institute of Directors, among other organisations. The Insolvency Service characterised the action as an abuse of the emergency loan programme.
Read at Business Matters
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