Bounce back loans: Hunting down the Covid loan fraudsters

Date:

More than £40bn has been lent to struggling firms though the government’s bounce back loan scheme.

Worth up to £50,000 per application, the loans offer a lifeline to companies on the edge.

But financial crime experts fear many billions may have been lost to fraud and mistakes.

The BBC’s Angus Crawford was given exclusive access to a unit tracking down the fraudsters who took advantage of the scheme.

Shoot/edit: Tony Smith

Share post:

Subscribe

Popular

More like this
Related

Comcast to spin off NBCUniversal and Sky into separate company

Comcast said Monday that it plans to spin off...

Italy Weather Alerts for Travellers | Heatwaves, Storms & Travel Advice

Italy Weather Alerts and Travel ImpactItaly’s weather can change...

U9 Opens New On-Chain Asset Payment Scenarios

Tokenized Equity is bringing global assets on-chain—but the real...

Humor laurels for comedian Bill Maher as the Kennedy Center navigates Trump-era upheaval

WASHINGTON (AP) — Comedian Bill Maher will be awarded...