So far 2,767 criminal charges have been filed in Switzerland for potential or actual misuse of Covid-19 bridging loans. The amount owed could be up to CHF307 million ($335 million).
So far 2,767 criminal charges have been filed in Switzerland for potential or actual misuse of Covid-19 bridging loans. The amount owed could be up to CHF307 million ($335 million).
2 comments
Is that meant to be a lot?
Figures in the UK are well in the billions, even tens of billions of Pound Sterling.
That makes sense, that’s around 1% of the money given out. Even back when the measures were announced it was clear there would be fraud but that was considered acceptable because so many businesses legitimately needed help quickly and more complex means testing would have been too slow.
I’m still very glad to see they are hunting down thousands of the assholes.
Something else, this sentence:
> The fraudsters most often come from the construction, catering and trade sectors, the newspaper said on Sunday.
Would need to be put in perspective against the total population that got loans. I assume construction is a big part in the legitimate part too