Lord Agnew said Treasury measures to tackle fraudulent Covid business loans were a ‘Dad’s army operation’

Treasury officials trying to stop fraudsters making off with vast Covid loans have been called a “Dad’s Army operation” by a former Tory minister who condemned the lacklustre bid to stop “suitcases of cash leaving the country”.

Lord Agnew, who quit as the government’s anti-fraud minister earlier this year, said the first few months of taxpayer-funded emergency loans being issued were “happy days for crooks”.

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