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Ex-HBOS managers charged in £35m fraud case
by Daniel Grote on Jan 09, 2013 at 07:35
Two former HBOS managers are among eight people to have been charged by police in connection with an alleged £35 million fraud, according to reports.
Lyndon Scourfield, 50, and Mark Dobson, 52, former senior managers in HBOS’s Reading and London offices, have been charged with conspiracy to corrupt.
The allegations involve kick-backs being paid to bank managers to hand contracts to a group of external consultants.
Scourfield is alleged to have received ‘numerous high-value gifts’ from Quayside Corporate Services (QCS), a turnaround consultancy founded by former NatWest banker David Mills, in return for appointing QCS to administer bank loans to corporate clients.
Mills is among the eight charged alongside fellow consultant Michael Bancroft, along with their wives Alison Mills and Beverley Bancroft, and ‘associate’ John Cartwright. Scourfield’s wife Jacqueline Scourfield has also been charged.
All eight have been released on bail and ordered to attend a hearing at Reading Magistrates Court later this month.
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FCA urged to clarify platform promotion rules
by Michelle Abrego on Jun 19, 2013 at 15:33
3 comments so far. Why not have your say?
Keith Cobby
Jan 09, 2013 at 09:31
What's £35 million compared to the damage done by Andy Hornby, Victor Blank and Gordon Brown.
We are still waiting for the public enquiry.
report thisScotty McJock
Jan 09, 2013 at 09:46
Read this also. http://www.ianfraser.org/corruption-allegations-major-fraud-inquiries-links-to-pornographic-magazines-and-a-luxury-yacht-welcome-to-the-world-of-banking-2012/
report thisHickky
Jan 09, 2013 at 10:08
So was the loan amount administered by QCS £35million, or are the alledged losses to HBOS reconed to be £35m? Or did the two HBOS guys trouser £35m?
The story should make this clear, otherwise its just a wunch of bankers taking bunce, and this is not news.
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