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£4.9bn of covid loans missed by ‘inadequate’ fraud prevention

The government’s measures to prevent fraud in its bounce back loan scheme (BBL) have been labelled inadequate by National Audit Office (NAO) and were introduced too late.   A report by the government’s spending watchdog estimated that £4.9bn of the £47bn that was given out as part of the Covid-19 small business support scheme was…
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Fraud in the pandemic

The sheer scale of fraud committed during the pandemic was exacerbated by the limited level of checks when claims were made for covid grants. Kate Gee, counsel at specialist disputes firm Signature Litigation, examines the scale of the issue An inescapable outcome of the Covid-19 pandemic is the marked increase in fraudulent activity. Individual or…
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