
Covid Commissioner’s Three-Stage Plan Includes Whistleblower System to Expose BBL and PPE Fraud

Businesses that overstated their turnover—whether intentionally or by error—to secure a Bounce Back Loan are urged to establish an affordable repayment plan immediately. With a final, limited opportunity to rectify their situation, failure to act promptly could trigger aggressive recovery measures by lenders or the Insolvency Service, potentially leading to director disqualifications or legal action.
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• National Audit Office data suggests Rachel Reeves’ plan for NATIS to investigate Bounce Back Loan fraud could stretch over a millennium due to case volume. […]
Chancellor Rachel Reeves has appointed Tom Hayhoe, a former Tory cabinet adviser with extensive experience in healthcare and procurement, as the Covid Corruption Commissioner to recover £7.6bn in pandemic-related fraud, including £8.7bn in written-off PPE contracts and Bounce Back Loan (BBL) abuses.
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