U.K. Shares List of Suspected Covid Loan Fraudsters With Lenders
- Hundreds of names on lists distributed to U.K. banks
- Britain ended up lending about $107 billion of pandemic loans
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A list of companies that may have applied fraudulently for emergency loans during the pandemic has been complied by the U.K. Cabinet Office and is circulating among high street lenders, according to people familiar with the matter.
The Cabinet Office has shared the information with the British Business Bank which has passed it on to the banks who issued the loans. The list includes companies with duplicate names and firms that had already been dissolved when they applied for support, according to an executive at a bank who asked not to be named given the sensitivity.