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Eight people have been charged in connection with business loans made through a high street bank to the value of about £35m. The loans originated from the Halifax Bank of Scotland (HBOS) branch in Reading, Berkshire. Among those charged are former senior managers at HBOS, Lynden Scourfield, 50, and Mark Dobson, 52. Thames Valley Police said the charges follow a large-scale investigation into corruption, fraud and money laundering.
The charges follows an investigation carried out by Thames Valley Police's Economic Crime Unit (ECU), after the case was referred to the force by the Financial Services Authority (FSA). The alleged offences originated from HBOS's Impaired Assets team based at the Reading branch. Mr Scourfield and Mr Dobson were senior managers based at Reading and Bishopsgate, the Crown Prosecution Service (CPS) said. All eight will appear before Reading Magistrates' Court on 18 January.....Read more here: BBC News - HBOS business loans: Eight charged
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