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Two former senior managers from the Halifax Bank of Scotland (HBOS) are among eight people charged in connection with alleged fraudulent business loans made through a high street bank. Sue Patten, head of fraud at the CPS said:
All eight defendants will appear before Reading Magistrates' Court on January 18. One person remains on police bail in relation to the investigation.
Eight people have been charged in connection with business loans made through a high street bank to the value of around £35 million, the Crown Prosecution Service (CPS) has said.
Thames Valley Police said the charges follow a large-scale investigation into corruption and other offences originating from the Halifax Bank of Scotland branch in Reading, Berkshire.
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Thames Valley Police have charged 8 people with fraud and money laundering. Two of those are former HBOS managers.