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Coronavirus business loans: some directors may have defrauded billions from UK taxpayers

  • Written by John Tribe, Senior Lecturer in Law, University of Liverpool
Coronavirus business loans: some directors may have defrauded billions from UK taxpayersFrom pandemic to scamdemic. HM Treasury, CC BY-SA

In the early days of the pandemic, UK chancellor Rishi Sunak announced business-loan schemes as part of the government’s suite of measures to keep businesses on their feet. This offered businesses the chance to borrow tens and sometimes hundreds of thousands of pounds from participating banks,...