Former HBOS Manager Found Guilty of Corruption and Fraud

A group of six financiers including a former senior HBOS banker face jail after being convicted on Monday for their roles in a scam involving £245m worth of fraudulent loans.
A group of six financiers including a former senior HBOS banker face jail after being convicted on Monday for their roles in a scam involving £245m worth of fraudulent loans.

Source: BBC News & Guardian News & Media Ltd

Six people, including two former HBOS bankers, have been found guilty of bribery and fraud that cost the bank’s business customers and shareholders hundreds of millions of pounds.

Ex-HBOS manager Lynden Scourfield, 54, was bribed by David Mills, 60, with foreign cruises and sex parties, a jury at Southwark crown court found on Monday.

In addition the former banker was lavished with stays in Mayfair hotels, trips to Las Vegas and Barbados, a £3,220 Cartier watch and enjoyed three nights on a six-star cruise from Nice to Saint Tropez.

Listen to File on 4 for a special report about the case, originally broadcast via BBC Radio Four on Tuesday 31st January at 20:00 GMT.
Listen to File on 4 for a special report about the case, originally broadcast via BBC Radio Four on Tuesday 31st January at 20:00 GMT.