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:
Two former employees of HBOS, Lynden Scourfield and Mark Dobson, senior managers in Reading and Bishopsgate, have been charged with conspiracy to corrupt, contrary to the Criminal Law Act 1977.
Also charged as part of the same conspiracy to corrupt are David Mills and Michael Bancroft of Quayside Corporate Services (QCS), a turnaround consultancy.
All eight defendants will appear before Reading Magistrates' Court on January 18. One person remains on police bail in relation to the investigation.
More top news
Higher food and petrol prices are expected to send inflation to its highest level in 28 months when official figures are released later.
The Prime Minister will detail her 12-point plan on negotiating Britain's exit from the European Union during a speech on Tuesday.
Police investigating the disappearance of Victoria Cherry, who was last seen in October 2015, have found a body.