Suitcases filled with cash from taxpayer-backed Covid loans were seized at the border as people tried to smuggle them out of the country, a Times investigation reveals today. Border force officials have stopped people at airports across Britain “carrying large amounts of money suspected from coronavirus bounce-back loans”, a Home Office source said. SponsoredOther recipients of financial support during the pandemic used the money to fund gambling sprees, home improvements, cars and watches, it has emerged. They are among dozens of company directors who have been disqualified after misusing the loans scheme that was set up to support businesses during the pandemic. In many cases the individuals took out the loans before immediately transferring the funds into personal bank accounts and spending the money on

Source: The Times April 27, 2022 00:39 UTC