
Insolvency Practitioner Fined £7,500 for Ignoring Bounce Back Loan Misuse, Sparking Covid Commissioner’s Interest

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.
Questions arise over the impartiality of the firm recruiting the Covid Corruption Commissioner, linked to banks under investigation for Bounce Back Loan misconduct. […]
Lucy Rigby MP, the Solicitor General, has announced that Tom Hayhoe, the Covid Corruption Commissioner, will work closely with the Crown Prosecution Service and Serious Fraud Office to tackle Bounce Back Loan abuse. This move underscores the government’s commitment to addressing fraud in the pandemic-era loan scheme. […]
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