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Greensill given access to Covid loans without detailed checks, watchdog reveals

Taxpayer facing potential £335m loss after audit office says government bank carried out limited due diligence on business support loans.

Greensill given access to Covid loans without detailed checks, watchdog reveals
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The collapsed finance firm Greensill Capital was given access to a government-backed loan scheme without being subjected to detailed checks, leaving UK taxpayers facing a £335m loss, Whitehall’s spending watchdog has found.

Read more at the Guardian.

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