Three men arrested amid inquiry into £6m Covid loan fraud

National Crime Agency says it suspects specialist knowledge' was used to scam bounce-back scheme

Three men have been arrested as part of an investigation into fraudulent coronavirus bounce-back loans totalling 6m. The National Crime Agency (NCA) said all three men worked for the same London financial institution and are suspected of using their specialist knowledge" to carry out the scam.

Two of the suspects, aged 30 and 31, were arrested at their office by members of the NCA's Complex Financial Crime team, while the third, aged 30, was arrested at an address in Camden.