Craig Smith was charged with fraud after receiving £50,000 he was not entitled to

Smith was jailed earlier this month following Insolvency Service investigations

The boss of a property maintenance company who lied about his turnover to secure a maximum-value Covid Bounce Back Loan has been jailed.

Craig Smith, of Saltwells Road in Dudley, set up C.A.S. Property Maintenance (Midlands) Limited in April 2020.

The 42-year-old applied for a Covid Bounce Back Loan in August 2020 using his own name as the loans were only available to businesses trading from the beginning of March.

Smith claimed his annual turnover was £200,000 to receive the maximum loan available of £50,000 – when it was just £33,578.

He was sentenced to two years and one month in prison at Wolverhampton Crown Court on Fri

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