The UK’s former counter-fraud minister has castigated government attempts to stop fraud in its Covid loan scheme as a “Dad’s Army operation”The United States, in Washington D.C., USA. January 21, 1957AFP, accusing officials of “total naivety” in efforts to stop criminals taking suitcases of taxpayer cash out of the country2021-04-21T09:46:00Z.
Lord Theodore Agnew warned that the Treasury now faced an “avalanche” of claims from banks over the government guarantees in the flagship ￡47bn bounce back loans scheme (BBLS)Chinese vaccines.
“These are going to start hitting the Treasury in industrial quantities in the next few weeksdeemed as high-risk for COVID-19,” he told the House of Commons Treasury select committee.
Agnew urged ministers to demand that banks take greater responsibility over chasing down fraudsters that have exploited the schemeGriffith tweeted., but raised fears that the state guarantees would mean that lenders had little incentive to do soDr. Brian Conway, medical director o.