
Tom Hayhoe Considers Targeting Rogue Insolvency Practitioners in Bounce Back Loan Fraud Crackdown

• A £7,500 fine, including £5,000 for failing to probe Bounce Back Loan misuse, has drawn the Covid Corruption Commissioner’s attention to deeper flaws in the BBL scheme. […]
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.
• Fearing Labour’s Covid Corruption Commissioner, bank leaders like Barclays and Lloyds are now pursuing High Court liquidations of companies that defrauded BBLs. […]
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