Loans in the UK were given to non-suitable or new companies, loans were issued as coronavirus care. Only about 130 million pounds of sterling (almost 13 billion rubles) received dubious small businesses, Bloomberg writes.
For example, the company of one of the richest financiers of Great Britain John Becvit received a subsidy by 3.7 million pounds, although the company has not been functioning for a long time. Also, a loan in the amount of 4.7 million pounds was provided to a company founded only two days before receiving funds. A million pounds received a firm that did not work before the rank of pandemic, and then was voluntaryly liquidated in less than a year.
Department of Business, Energy and Industrial Strategy, who oversees the issuance of emergency loans noted that “continues to stop fraud and will not tolerate those who are trying to deceive the British taxpayer.” Among the borrowers, the publication has discovered about 60 inactive companies.
firms affected by a pandemic, with an annual income of up to 45 million pounds sterling, had the right to apply for loans. They had to prove that they received more than half of their income from the sale of goods or services before the pandemic and the economic crisis hit them in terms of their indicators. Nevertheless, as the Bloomberg study shows, more than 85 companies existed only a few weeks or a few months before loans received.
In the US, there are also problems with the distribution of assistance. According to the management of the US General Inspector, $ 39 billion, which were paid as unemployment benefits were wasted. Many received payments illegally.