Building boss banned for covid loan abuse

A London-based builder has been disqualified as a company director for ten years after he overstated his company’s turnover to claim the maximum Bounce Back Loan during the pandemic and then failed to show the money had been spent on his business.
Marcel Ion, 39, from Bromley, was the sole director of Mavion Group Ltd, a construction business which was registered in Dagenham.
In June 2020, Ion applied for a £50,000 Bounce Back Loan on his company’s behalf, stating that the busi