A Wolverhampton businessman, Sohail Cheema, was sentenced to a suspended two‑year prison term and a ten‑year director disqualification after pleading guilty to fraud and money‑laundering offences. Cheema obtained £30,000 in Bounce Back Loans by falsely claiming his company had a £60,000 turnover and applying to two banks, even though only one loan was allowed. The full amount was transferred from his business accounts to his personal and his wife’s accounts on the day the loans were received. None of the money was used to support the business, as required by the scheme. Cheema was also ordered to complete 150 hours of unpaid work and 20 days of rehabilitation activity.
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