Eric Agyeman, a 46-year-old London man, has been jailed for fraud. He got three Bounce Back Loans worth £130,000 for his company DOK Logistics UK Ltd and used some money to buy goods for resale in Ghana.
London, 12 Sep 2025
Eric Agyeman, a 46-year-old London man, has been jailed for fraud. He got three Bounce Back Loans worth £130,000 for his company DOK Logistics UK Ltd and used some money to buy goods for resale in Ghana.
How the fraud happened
Agyeman lied about his company's turnover to get the loans. He said his company made up to £375,000 when it never actually did any business. He applied for loans from different banks. This was against the rules as companies could only get one loan. Agyeman used over £40,000 to send goods to Ghana for selling. Agyeman lied about his company's turnover to get the loans. He said his company made up to £375,000 when it never actually did any business. He applied for loans from different banks. This was against the rules as companies could only get one loan. Agyeman used over £40,000 to send goods to Ghana for selling. A London fraudster has been jailed after illegally securing three Bounce Back Loans and using the funds to buy and ship goods to Ghana for resale. Eric Agyeman obtained £130,000…
Punishment and warning
The court gave Agyeman two years and two months in jail. He cannot be a company director for five years. The Insolvency Service said they will keep looking for people who wrongly took Covid support money. They want to make sure such people face justice, even though it has been more than five years since Covid started. The court gave Agyeman two years and two months in jail. He cannot be a company director for five years. The Insolvency Service said they will keep looking for people who wrongly took Covid support money. They want to make sure such people face justice, even though it has been more than five years since Covid started. A London fraudster has been jailed after illegally securing three Bounce Back Loans and using the funds to buy and ship goods to Ghana for resale….
Eric Agyeman brazenly exploited a scheme designed to help struggling companies during the pandemic for his own personal gain, using the funds for a business operation in Africa.
The case shows that authorities are still actively pursuing Covid loan fraud cases. Follow The Rising News for more verified updates.
Updated 12 Sep 2025, 12:16 IST; source: link
