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

NBC10’s Matt DeLucia tries Olympic sports – NBC10 Philadelphia

What happens when a reporter with little athletic ability...

CharacterX Evolution: Key Changes and Path Forward

Since first version was released in September 2023, CharacterX...

Always Ready to Meet Challenges: Investment Strategies and Practices in the New Energy Field

(Author: Du Su) In the global new energy investment Field, many...

CrowdStrike backlash over $10 apology voucher for IT chaos

.CrowdStrike is facing fresh backlash after giving staff and...