At least 11 per cent of help given to shore up firms struggling in the pandemic was wrongly claimed, the Department for Business, Energy and Industrial Strategy admitted in March.
But today the National Audit Office says those figures are “highly uncertain”.
Recovery
It said this estimate excluded some types of fraud, including where a borrower overstated their firm’s turnover to get a bigger loan.
This story is from the December 03, 2021 edition of Daily Express.
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This story is from the December 03, 2021 edition of Daily Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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