Re: Astonishing levels of government corruption
Posted: Mon Jan 24, 2022 4:31 pm
Peer who was the government's anti-fraud minister resigns (FT article)
Agnew also alleged that “schoolboy errors” were made by officials and lenders, noting that over 1,000 companies who received bounce back loans (BBLS) were not trading before the pandemic began.
BEIS estimates suggest that overall losses due to fraud and companies unable to repay loans across all Covid schemes were likely to amount to almost £20bn, with about £17bn of these losses relate to the BBLS.