Rishi Sunak accused of letting ‘fraudsters’ exploit ‘weaknesses’ in Covid loans scheme

19 comments
  1. It was known at the time and the treasury said that they shouldn’t let fraud stand in the way of necessity. It had pretty much universal approval and now it’s an issue?

  2. It’s the Tory way, don’t ask what I can do for my country but how much me and my mates can make out of this

  3. He couldn’t care any less about fraud. It’s inconequential to him, and probably to most of the Tory party.

    Even if they weren’t sociopathic, they’re rich enough that they’d never really feell it even if fraud happend to them.

  4. This isn’t new tbh. It was talked about at the time. Everyone moaning should ask what the reaction would be if there was a 3 month vetting period per claim to ensure it was legit. At the time it was hand to mouth. We needed to open thr flood gates at the time….now is the time to start reclaiming money and laying down some huge prison sentences for fraudster that took advantage of the scheme and the crisis

  5. The problem is that Sunak didn’t listen to or let the banks design the scheme such that this could have been prevented. He insisted on no checks and we had unverified reports he was even personally (with his staff) reviewing the application form template. This is because he thinks he is rather clever but he isn’t. He was an investment banker he doesn’t know jack about lending money.

  6. Rishi would know all about exploiting weaknesses to getting your mistakes written off by government being an investment banker for Goldman Sachs and some other dodgy “funds”

  7. I’m confused as to how it was stolen? Did people create fake companies or something? Or used fake IDs?

  8. If I’d known I could have borrowed more than 25% of my turnover (had to be off last accounts too, which wasn’t as good a year as the one we were currently in) at a stupidly low interest rate just by making a brand new business and forecasting amazing turnover I probably fucking would have. Would have paid it back too.

    Fuck sake.

  9. I wonder how many of these fraudsters came recommended via another secretive and illegal VIP lane?

    There’s at least three reasons why Sunak and co want this swept under the carpet;

    1. They don’t want the scale of it known to the public at the same time as raising tax and N I to plug the crater in the public finances.
    2. They don’t want the public to see precisely who were given taxpayer’s money as loans and how much was given and what it was used for.
    3. If the public knew answers to 1 & 2 then we’d have a measure of the miserable failure of these clowns to protect the public purse AND their rank incompetence in trying to claw some of it back. Keep ’em dumb / stupid makes their life simple.

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