The National Crime Agency (NCA) says it has arrested three men working for a London financial institution, as part of an investigation into fraudulent Bounce Back Loan claims totalling £6m.
Officers from the agency’s Complex Financial Crime Team apprehended two men – one 30-year old from Camden and 31-year-old from Mitcham – at their place of work.
The third man, also aged 30, was arrested during a search of the address in Camden. Each was released following searches and interviews whilst enquiries continue.
The fraudulent claims are believed to have been made through the use of false data and documents.
Enquiries are ongoing to establish the true extent of their activity and whether others are involved.
Gary Cathcart, Head of Financial Investigation at the NCA said:
“Ensuring the integrity of the financial sector is a vital part of our work to tackle illicit finance. Professional enablers who use their specialist knowledge to facilitate criminal activity represent a significant threat, and the NCA will continue to work closely with our partners to target anyone involved in fraud.”
These are not the first arrests the NCA, a national law enforcement agency, has made in connection with the Bounce Back Loans fraud.
In October, a 52-year-old man from Hertfordshire was arrested. He was nabbed at his home address in Hoddesdon and a search of his premises and a lockup recovered £17,000 in cash and a number of high value watches.
In December, the agency’s Complex Financial Crime Team also arrested three suspected members of an organised crime group involved in “high level money laundering and fraud”.