A woman in Stockport was arrested after £10,000 was secured as part of a series of fraudulent Covid ‘bounce back’ loans.
Last Wednesday (September 22), officers executed a search warrant at an address in Stockport.
A 32-year-old woman was arrested on conspiracy to commit fraud and money laundering offences.
During the search warrant, police seized a number of electronic devices and paperwork from the address.
The fraud involved using false information to secure ‘bounce back’ loans from a variety of financial institutions through ‘unrelated businesses’.
£10,000 of public sector funds was laundered from Manchester City Council as part of the fraudulent crimes.
The arrested woman has since been released under investigation whilst enquiries continue.
The investigation was the result of a joint operation by the National Investigation Service (NATIS) and Greater Manchester Police.
Michael Dineen, Deputy Director Head of Crime Operations at NATIS, said: “The teams of the National Investigation Service, as well as colleagues in policing are executing search warrants all over the country ensuring those that commit fraud against the schemes the government announced during the pandemic are brought to justice.
“My officers will continue this great work and ensure, wherever possible, people are arrested, charged and the money taken from the public purse is recovered.”
