UK LOAN GUARANTEES UNDER ASSESSMENT BY SFO
August 1st, 2014
BRITAIN’S Serious Fraud Office (SFO) has refused to confirm reports that it is investigating banks over their use of government loan guarantee schemes set up to help UK small businesses through the credit crisis and into the recovery.The Times newspaper claimed the SFO is considering allegations that banks abused the Enterprise Finance Guarantee (EFG), established in 2009, and its forerunner, the Small Firms Loan Guarantee scheme. An SFO spokesperson told Fraud Intelligence: “We are monitoring developments and are aware of the issue but cannot comment on ...
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