Covid Corruption Commissioner – Page 2

Chancellor Rachel Reeves Names Tom Hayhoe as Covid Corruption Commissioner to Investigate Fraudulent PPE Contracts and Bounce Back Loan Misuse – Implications for BBL Offenders

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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British Business Bank CEO Warns Covid Corruption Commissioner: Pursuing BBL Fraud Could Trigger Loan Defaults

Louis Taylor, CEO of the British Business Bank, has cautioned Covid Corruption Commissioner Tom Hayhoe that aggressively pursuing businesses for inflating turnover to secure Bounce Back Loans could lead to widespread loan defaults, undermining the recovery of funds. […]

HMRC and Government Flag Bounce Back Loan Recipients for Turnover Discrepancies and VAT Registration Issues

HMRC, the Cabinet Office, and the Department of Business and Trade have identified Bounce Back Loan recipients whose reported turnover didn’t match their applications or who claimed loans despite not being VAT-registered. This scrutiny signals tougher enforcement against loan misuse. […]

Starling Bank’s Forced Liquidation Push Winds Up 25 Companies in BBL Fraud Crackdown

The High Court has wound up 25 of 30 companies targeted by Starling Bank for alleged Bounce Back Loan fraud, with five cases dismissed—more actions expected […]

Companies House Cracks Down on BBL Fraud with Harsh Penalties and Prosecutions

Companies House’s new compliance regime targets Bounce Back Loan fraudsters with hefty fines, director bans, and potential criminal prosecution […]

Doubts Cast on Covid Commissioner Recruitment Firm’s Ties to BBL Fraud Banks

Questions arise over the impartiality of the firm recruiting the Covid Corruption Commissioner, linked to banks under investigation for Bounce Back Loan misconduct. […]

Immigration Raids Target Car Washes and Takeaways in Bounce Back Loan Fraud Sweep

• New immigration raids on businesses like car washes and nail salons aim to catch Bounce Back Loan fraudsters, with three directors recently banned. […]

Reeves Pushes Lenders for BBL Forced Liquidations, Barclays Recovers £456K from Fraudsters

Rachel Reeves incentivizes lenders for the BBL forced liquidation scheme, with Barclays recovering £456,477.48 from 31 fraudsters, though six have disappeared. […]

Five Eyes Nations—UK, Australia, Canada, New Zealand, and US—Convened Today to Explore Strategies for Detecting, Recovering, and Prosecuting Fraud Related to PPE, Bounce Back Loans, and Other COVID-Era Schemes

Five Eyes nations unite to strategize on detecting and prosecuting fraud in PPE, Bounce Back Loans, and other COVID-era schemes, boosting global efforts. […]