Fraud and error: UK COVID loan scheme could lose 26 billion pounds from fraud, defaults – watchdog

11 Oct 2020 5:04 PM | Jo Buckley (Administrator)

LONDON (Reuters) - Criminals may have made billions of pounds by exploiting a government loan scheme to help British businesses hit by the COVID-19 pandemic, while large losses are expected from firms unable to repay, the country’s spending watchdog has said.

https://uk.reuters.com/article/us-health-coronavirus-britain-loans/uk-covid-loan-scheme-could-lose-26-billion-pounds-from-fraud-defaults-watchdog-idUKKBN26R3PS



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