James McMurdock's business activities during the Covid pandemic are under investigation by the Public Sector Fraud Authority following a referral by the Covid corruption commissioner. Evidence suggests he took out significant loans from the government's bounce back scheme for businesses lacking employees and substantial assets. McMurdock claims all dealings were lawful and reviewed by qualified professionals. He has resigned as a director of one company, JAM Financial Ltd, while another company, Gym Live Health and Fitness Limited, also received a government loan. McMurdock will remain an independent MP after legal advice.
James McMurdock's business activities during the Covid pandemic have been referred to the Public Sector Fraud Authority over questionable loans totaling tens of thousands of pounds.
The loans were reportedly taken from the government's bounce back scheme, which required certain eligibility criteria, including minimum turnover.
McMurdock has claimed that his business dealings were conducted within the law and that professionals validated his activities against compliance regulations.
On Tuesday, McMurdock announced his decision to remain an independent MP, opting not to return to Reform UK after seeking legal advice.
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