Bank bosses covered up fraud, claims leaked report
By Lloyds Case, Jun 27 2018 11:10AM
20 June 2018
A leaked HBOS report into a fraud in the lender's Reading office has raised allegations that senior bankers and auditors helped to cover up a £1 billion criminal scheme that affected hundreds of business customers.
The five-year-old report written by a former HBOS manager alleged that executives at the lender were aware as far back as 2004 of a potential fraud in the turnaround unit that last year led to the convictions of six people, including two former employees of the lender.
Click here to read the full article.