Police raid companies suspected of fraudulent Covid-19 loan claims
Vaud police have raided several companies suspected of making fraudulent Covid-19 loan claims.
Police say several people have been arrested after they claimed millions of francs from banks. It’s thought more than a million francs has already been transferred out of the country.
The government has been issuing emergency cash to companies under stress due to the lockdown. The money is distributed through the banking network.
Investigations into alleged fraud, mismanagement and money laundering have been opened.