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

Trump suggests canceling music performances at the ‘Great American State Fair’ after several artists back out

President Donald Trump on Saturday suggested canceling planned performances...

Day 1 of the the Roots Picnic with Jaÿ-Z opened with optimism at the Belmont Plateau

Listen to article • 0:00 minJulius and Nicole Bolding made...

Tech Life – Teaching in the AI world

Available for over a yearWe speak to Google about...

EU fines Temu €200m for allowing sale of illegal products

The investigation involved a mystery shopping exercise carried out...