Names of UK Covid business loan applicants to stay secret, tribunal rules - I Newz360

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Thursday, January 5, 2023

Names of UK Covid business loan applicants to stay secret, tribunal rules

Ruling said enough scrutiny exists to detect fraud while naming borrowers in £47bn scheme puts them at risk

The British government has been given the go ahead to keep concealing the names of companies which received in total more than £47bn in state-backed Covid loans, after a tribunal ruled in its favour.

The tribunal case had been brought by campaign group Spotlight on Corruption, amid concerns fraudsters and organised criminals had exploited government-guaranteed loans intended for struggling firms during the pandemic.

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from The Guardian https://ift.tt/7CdMyup

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