Sehrish Yasmin, 32, fraudulently obtained two Covid loans worth £100,000
A former restaurant manager splurged more than £12,000 of taxpayer’s money on jewellery after fraudulently obtaining two covid loans.
The 32-year-old first applied for a £50,000 Bounce Back Loan on behalf of Manny Steak House on Wilmslow Road, Rusholme in May 2020. She then secured a second £50,000 loan for the same company just one month later.Yasmin, who is also a qualified nurse, then proceeded to spend more than £12,000 in the Jewellery Quarter in Birmingham with the funds, Manchester Crown Court heard.
Yasmin should have started repaying each loan one year after she received the funds in 2020, but only started to do so once Insolvency Service investigations began in December 2022, the court heard. David Snasdell, chief investigator at the Insolvency Service, said: “Bounce Back Loans were introduced by the government to help small and medium-sized businesses survive during the Covid pandemic.
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