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HBOS branch at the centre of money laundering probe

Thames Valley Police has charged eight people following a large-scale investigation into corruption and other offences originating from the Halifax Bank of Scotland branch in Reading, Berkshire.

The charges follow an investigation carried out by the Force’s Economic Crime Unit (ECU), after the case was referred by the Financial Services Authority (FSA).

The alleged offences stem from HBOS’s Impaired Assets team based at Reading in Berkshire.

The charges include money laundering, fraudulent trading and conspiracy to corrupt. All eight have been released on bail to attend Reading Magistrates Court on January 18th.