LONDON – The British authorities confirmed on Monday that round 1.1 billion kilos ($1.27 billion) of small enterprise loans made underneath a COVID-19 emergency lending scheme has already been categorised as suspected fraud.
Reuters first reported the determine on Friday, which supplies the primary agency indication of the potential stage of scams perpetrated on Britain’s so-called ‘bounce again mortgage’ scheme.
Banks handed out 47 billion kilos in whole in government-guaranteed loans underneath the scheme from Could 2020 to struggling small companies hit by COVID-19 lockdowns.
($1 = 0.8683 kilos)
Post a Comment