Coronavirus Latest News

Names of UK Covid business loan borrowers to stay secret, tribunal rules

Ruling says enough scrutiny exists to detect fraud while naming recipients in £47bn scheme puts them at risk

The British government has been given the go-ahead to keep concealing the names of companies that received in total more than £47bn in state-backed Covid loans, after a tribunal ruled in its favour.

The tribunal case had been brought by campaign group Spotlight on Corruption, amid concerns fraudsters and organised criminals had exploited government-guaranteed loans intended for struggling firms during the pandemic.

Continue reading…

Read the original article at The Guardian

Related Articles

Back to top button