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Covid loan fraud fears as number of businesses struck off Companies House up by 743 per cent

Covid loan fraud fears as number of businesses struck off Companies House up by 743 per cent
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The week ahead in Parliament

Coming up in the Commons: 14-18 June - UK Parliament

New bill targets fraudulent company dissolution

New bill targets fraudulent company dissolution New bill targets fraudulent company dissolution Bounce Bank Loan Scheme fraud of particular interest Author Categories Given the speed at which the pandemic upended the UK economy, financial support was given on a ‘trust, but verify’ basis. The government has signalled it will be doing more of the latter as the UK moves into recovery. The Ratings (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill, introduced earlier this month, will give the insolvency service the ability to investigate directors of companies which have been dissolved to determine if it was done to fraudulently avoid repayment of outstanding debt.

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