Covid Crimestoppers hotline launches to catch business loan fraudsters

The UK government has launched a Covid fraud hotline, after being criticised for failing to act on warnings about fraud risks linked to emergency business loans.



a hand holding a cell phone: Photograph: Yui Mok/PA


© Provided by The Guardian
Photograph: Yui Mok/PA

The hotline, run by Crimestoppers, allows the public to leave anonymous tips about suspected fraud linked to the government’s emergency Covid loan and grant schemes for UK businesses. That could include identity theft to obtain loans, false grant claims and the use of so-called mule bank accounts to cover the tracks of money launderers.



a hand holding a cell phone: The public is being asked to report suspicions, such as of identity theft to obtain government loans.


© Photograph: Yui Mok/PA
The public is being asked to report suspicions, such as of identity theft to obtain government loans.

The government has been criticised for failing to act on warnings about potential fraud linked to the bounce-back loans scheme (BBLS), which was designed to distribute cheap loans quickly of up to £50,000 to small businesses.

Related: Organised crime in UK

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McConnell announces he will hold vote on small business loan bill

Majority Leader Mitch McConnell announced on Tuesday that Senate Republicans will attempt to move forward on a “targeted” coronavirus relief bill when the Senate returns to session next week — a sign that prospects for broad stimulus agreement have all but faded before Election Day.



a man wearing glasses and a suit and tie: WASHINGTON, DC - SEPTEMBER 16: Senate Majority Leader Mitch McConnell (R-KY) arrives for a Republican senate luncheon in the Hart Senate Office Building on Capitol Hill September 16, 2020 in Washington, DC. Speaker of the House Nancy Pelosi (D-CA) told Democratic members of the House that they would not break before the November elections unless Congress funded an additional round of stimulus to aid the economy during the novel coronavirus pandemic. (Photo by Chip Somodevilla/Getty Images)


© Chip Somodevilla/Getty Images
WASHINGTON, DC – SEPTEMBER 16: Senate Majority Leader Mitch McConnell (R-KY) arrives for a Republican senate luncheon in the Hart Senate Office Building on Capitol Hill September 16, 2020 in Washington, DC. Speaker of the House Nancy Pelosi (D-CA) told Democratic members of the House that they would not break before the November elections unless Congress funded an additional round of stimulus to aid the economy during the novel coronavirus pandemic. (Photo by Chip Somodevilla/Getty Images)

“Republicans do not agree that nothing is better than something for working families,” McConnell said in a statement referencing the small business loan Paycheck Protection

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Cresset Diversified QOZ Fund Announces Loan Closing and Construction Start for Investment in Denver

CHICAGO–(BUSINESS WIRE)–Cresset Partners and Diversified Real Estate Capital announced today the loan closing and construction start for the Cresset Diversified QOZ Fund (“Fund I”) investment in the Residences at RiNo multifamily development in Denver, Colorado.

This investment marks the fourth joint venture between Cresset Diversified and Hines, representing over $750 million in opportunity zone developments around the country. Led by Cresset Diversified’s experienced team of real estate, private equity, tax, and legal professionals, Fund I invests in institutional-quality, core real estate development projects and focuses specifically on well-positioned urban neighborhoods in high-growth markets like Denver.

Residences at RiNo is a build-to-core multifamily real estate project located in North Wynkoop, a premier master-planned district and is the only available multifamily development site within the master plan which is located in a qualified opportunity zone, just north of Downtown Denver. The property will be an 11-story, mid-rise residential building with

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In a first, ICICI Bank offers debit card for customers availing Loan Against Security



a store front at day


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ICICI Bank today became the first Indian bank to introduce a debit card facility for customers availing the Loan Against Securities (LAS) from the Bank. The debit card is available on the Visa platform. It can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals among others, using their sanctioned LAS amount.

Speaking on the initiative, Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “This new facility aims to provide greater accessibility to our customers to their sanctioned loan amount and enables them to use it in a frictionless manner to meet their varied needs. Also, the card is another step forward in our endeavor to constantly harness the digital prowess of the bank to provide pioneering new facilities to our customers. We are delighted to be the first bank to implement

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