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Fraud in Covid bounceback loan scheme not being addressed, say MPs

Public accounts committee say government must devote more resources to recovering nearly £5bn

MPs have criticised the government for its “unacceptable” failure to draw up plans to recover nearly £5bn taken from the coronavirus emergency bounceback loan scheme by fraudsters.

The government must give more resources to counter-fraud agencies and account properly for how much of the money will be lost forever, according to a report published on Wednesday by parliament’s influential public accounts committee.

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Read the original article at The Guardian

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