Rathudi Mahesh Manglanand, 47, from Pontypridd, was a freelance trader who ran Indian restaurant Chutney Roti in Cardiff.
The restaurant had already ceased operations before the start of the pandemic and was therefore not eligible for Covid-19 financial aid schemes.
However, in April 2020 Manglanand applied for a grant of £25,000 from his local council and the following month applied for a bounce-back loan of £18,000.
Manglanand then filed for bankruptcy of his own in July 2021, when the insolvency service began investigating and discovered his misuse of Covid-19 financial support schemes.
Manglanand admitted his business had already gone out of business and told investigators he had been drinking heavily and was “not thinking clear”. He estimated that he had lost around £30,000 playing the game over the span of a year.
The Secretary of State for Business, Energy and Industrial Strategy has accepted a nine-year bankruptcy restraint undertaking from Rathudi Manglanand, which begins June 20, 2022.
In its capacity as Rathudi Manglanand’s trustee in bankruptcy, the Official Receiver is assessing available assets to recover Covid-19 support funding.
Gavin Seymour, Deputy Official Receiver in the Insolvency Service, said:
Covid-19 support programs have generously provided taxpayers’ money to support real businesses and anyone who abused these programs should expect to be arrested and punished.
Notes to Editors
Rathudi Manglanand is from Pontypridd and his date of birth is September 1975.
Details of Rathudi Manglanand’s engagement are available on the Individual insolvency register
Bankruptcy restrictions vary widely. The effects are the same whether you are subject to a bankruptcy restraining order or a recognizance. Advice on the main legal consequences arising from a bankruptcy restraining order or undertaking.
Information about the work of the insolvency service and how to complain about financial misconduct.
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