Covid support loan payments due this week - check your options
Governmentâs Bounce Back Loans were launched in May last year
Chancellor of the Exchequer, Rishi Sunak (Image: PA/Tolga Akmen)
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Businesses are being urged to check their options as the first repayments become due on the Coronavirus support loans that they took more than a year ago.
Covid support loan payments due this week - check your options
Government’s Bounce Back Loans were launched in May last year
Chancellor Rishi Sunak (Image: PA)
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Businesses are being urged to check their options as the first repayments become due on the Coronavirus support loans that they took more than a year ago.
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Probes Into COVID Loan Fraud Up 50%, Law Firm Says
Law360, London (May 24, 2021, 4:27 PM BST) A leading law firm urged the authorities on Monday to closely monitor investigations into state-backed loans for pandemic relief fraud as it emerged that the City of London Police is probing a 50% jump since January in this kind of crime.
The running total of probes launched by City of London Police into possible fraud concerning Bounce Back Loans stood at 28 as of March 2021, up from the 26 in February and 17 in January, law firm RPC said.
People convicted of abusing the scheme could face a heavy prison sentence, but there is a huge backlog of criminal cases,.