A crooked family has been slammed behind bars for ripping off £150,000 from the government’s Covid Bounce Back Loan scheme. Their ill-gotten gains went on luxury home makeovers, posh private school fees, and clearing personal debts — all exposed by a tough National Crime Agency (NCA) crackdown.
Fake Firms, Fake Claims, Real Jail Time
Kashid Rashid, 53, from Ilford, teamed up with his wife Noreen Malik, 46, nephew Rehaan Mohammed, 32, and brother Rizwan Haider, 61, to cook up phony businesses. They grabbed three separate £50,000 Bounce Back Loans during the pandemic by faking how Covid wrecked their companies and inflating turnover figures to secure the maximum cash.
A fourth loan bid got blocked when officials spotted the company was dormant. But by then, the damage was done.
Luxury Living on Dirty Loan Money
The NCA uncovered the stolen cash was funneled through family members and linked firms. It bankrolled lavish home refurbishments, expensive school fees, motor vehicles, and trailers. Even more damning, leaked voice notes revealed Rashid coaching accomplices on how to forge fake invoices to back up their scam loan claims.
