Adebanjo Adebayo Talabi, the director of Bebo 萝莉原创 Limited, has received a suspended prison sentence, a community service order and a six-year director ban after pleading guilty to three counts of fraud by false representation.
During the pandemic, Talabi submitted three claims for Covid Bounce Back Loans totalling 拢150,000 by exaggerating his company鈥檚 turnover
Based on its actual turnover, the company would have been entitled to one loan of approximately 拢1,300.
Adebanjo Adebayo Talabi, from Alvey Street, Walworth, was the director of Bebo 萝莉原创 Limited.聽 An Insolvency Service investigation found the 42-year-old applied for three loans, between August and November 2020, from three separate banks.聽
Talabi pleaded guilty to three counts of fraud by false representation and was sentenced at Southwark Crown Court on 24th February 2026.聽 He received a two-year prison sentence, suspended for two years on condition of completing 200 hours of unpaid work, and was disqualified from being a company director for six years.
During sentencing, it was noted that Talabi has begun to repay the money owed and, as such, the Insolvency Service will not be pursuing action under the Proceeds of Crime Act.聽
Insolvency Service chief investigator David Snasdell said: 鈥淭his is significant sentence which imposes a number of long-term restrictions on Adebanjo Adebayo Talabi, while taking into account his guilty plea and efforts to pay back the money his company owes.聽
鈥淭he Insolvency Service will continue to pursue those who exploited the Covid Bounce Back Loan scheme, aimed at supporting struggling businesses through the pandemic.鈥�
Talabi successfully applied for three Bounce Back Loans for Bebo 萝莉原创 Limited 鈥� each worth 拢50,000 鈥� on 1st August, 20th August and 5th November 2020. 聽On each occasion he affirmed that the company鈥檚 turnover was between 拢200,000 and 拢220,000 鈥� which was found to be significantly inflated. For the second and third loan, Talabi falsely stated that they were the first and only loan applications for the company.
Additionally, evidence from the Insolvency Service investigation found that the loans had been transferred to personal accounts and not used for the economic benefit of the company, which was a requirement of the scheme.