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Ex-HBOS managers charged in £35m fraud case

Two former HBOS managers are among eight people to have been charged by police in connection with an alleged £35 million fraud, according to reports.

 
Ex-HBOS managers charged in £35m fraud case

Two former HBOS managers are among eight people to have been charged by police in connection with an alleged £35 million fraud, according to reports.

Lyndon Scourfield, 50, and Mark Dobson, 52, former senior managers in HBOS’s Reading and London offices, have been charged with conspiracy to corrupt.

The allegations involve kick-backs being paid to bank managers to hand contracts to a group of external consultants.

Scourfield is alleged to have received ‘numerous high-value gifts’ from Quayside Corporate Services (QCS), a turnaround consultancy founded by former NatWest banker David Mills, in return for appointing QCS to administer bank loans to corporate clients.

Mills is among the eight charged alongside fellow consultant Michael Bancroft, along with their wives Alison Mills and Beverley Bancroft, and ‘associate’ John Cartwright. Scourfield’s wife Jacqueline Scourfield has also been charged.  

All eight have been released on bail and ordered to attend a hearing at Reading Magistrates Court later this month.

14 comments so far. Why not have your say?

Graham D-C

Jan 09, 2013 at 15:00

Hmmn, I hope those charged have been saving their pennies for a rainy day, in case it turn into a downpour.

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Ian Lewthwaite

Jan 09, 2013 at 16:19

Hi don't leave Goodwin out of court proceeding, even if he is just charged with pure incompetence, for not knowing what his staff were doing

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Graham D-C

Jan 09, 2013 at 16:49

Unfortunately, even gross incomptence is a common thread running through the NHS, Social Services, Police Service and Government ,for which there is no matching cosequences. Even when adults and children die as a result, the culprits to often get away with it.

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Nick-

Jan 09, 2013 at 18:16

If found guilty, they should not only loose their heads, but all their worldly goods

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Tony Peterson

Jan 09, 2013 at 19:49

Nick A

Loose = opposite of tight.

Lose = opposite of find.

If you wish to be taken seriously, learn to spell.

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Jaymak

Jan 09, 2013 at 19:52

Goodwin may be culpable for many things but as he was Chief Exec of RBS he is blameless in this instance.

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Ian Lewthwaite

Jan 10, 2013 at 09:27

Hi Jaymark

As the Captain- he was responsible regardless of whether he knew or NOT

like the head of the BBC who was incompetent, they should reap the rewards of success or failure equally.

I believe if you give a person a job to do and he makes a balls up he should get his P45 and no going away monies of any kind, this is problem with most Govt ventures unfortunately, like the Civil Service , NHS, Tax office, Local Government, Education if the top 3 tiers were removed everything would continue unchanged, there is no cut of any significance at the top Chiefs with austerity its always the indians at the cutting edgewho pay for bad management.

You cannot blame the servant for doing as he is told by the 20 bosses above him, but so many are promoted out of the way to inflict their stupidity on others of lower rank, but mainly higher inteligence

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Ike via mobile

Jan 13, 2013 at 09:52

...welcome to the 4th World...

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terry shead

Jan 13, 2013 at 15:10

goodwin should be in jail but a stupid government saved the day for them or should I say we did.

TS

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Ian Grumpy

Jan 14, 2013 at 10:53

Ian Lewthwaite - what Jaymark was saying was that Goodwin was CEO of RBS, and this this case relates to the Reading operation of HBoS. The only connection was the word "Scotland" in their titles.

Holding Goodwin to account for this might be appealing but would be like putting points on my driving licence for your speeding offence because we share a first name.

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Ian Lewthwaite

Jan 14, 2013 at 16:41

Hi Ian from a not grumpy but, quietly fuming Ian

Wrong is no mans right!

ARE all the Banks not in bed together to a greater or lesser degree?

whenever a business is going tits up, the management always seem to leave just prior to the proverbial hitting the fan, with a telephone number pension, free house/golden goodbye or whatever, leaving someone else to pay for /clean up the mess.

My reasoning is that there should be full clawback for 5 years from those deserting the sinking ship at the time the disaster was known, not became public.

Any business failure, very seldom occurs overnight but over a period of time.

If the capitalist system is what we are stuck with, because it suits the manipulators , then lets have it in full, no exception for Bankers, NHS or whatever, you all go down with the ship-

there is nothing like Bankruptcy for concentrating your mind and endeavours when it affects you personally.

A pheonix always arises from the ashes, picks up the business and makes a success of it.

Overheads personal or business combined with insufficient cash flow or capital lead to failure.

Your own Hard work and selfless dedication to the business/task breeds success.

There is no need for me to name a lot of ship's deserters whose" balls should have been in the mincer"- we all have our own ideas/scapegoats and I don't buy the BOEs reasons for bailouts, the first complete failure would have tightened the job up , rather than this death by a thousand cuts and a taxpayers ongoing bailout, still not ended, even if it gets a new name

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Ian Grumpy

Jan 14, 2013 at 17:36

er - I'm not sure how to respond, or even if a response is possible. Do wrongs happen - yes. Are the guilty always caught and punshed - no. Has anything changed over the past 5 years - no. Is it worth getting into a lather about - no.

Without being unnecessarily unkind, a cold shower and a dose of the real world might be the best prescription.

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Ian Lewthwaite

Jan 15, 2013 at 07:18

The fact that wrongs do happen and go unpunished is because too many take your attitude it has nothing to do with me - until it is you that is affected!

At my age I probably wont change anything, but that doesnt mean I should lie down and die, and neither should you.

Life is a big circle you remove some corrupt leaders and replace them with new ones, who in turn become "power hungry" and have to be replaced. With the large majority of the UK on Govt handouts of various forms they do not want change as it will affect their free ride.

I think it was Milton who said the old order changeth yeilding place to new lest one good custom shall corrupt the world

And whats happened?

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Ian Grumpy

Jan 15, 2013 at 09:41

Each generation believes that it has the answers and everything is going to h**l in a handbasket in the next generation. That is more of a reflection on our lack of understanding than any deficiency in the next generation.

"Every generation imagines itself to be more intelligent than the one that went before it, and wiser than the one that comes after it."

George Orwell

I still think it unreasonable to punish Fred Goodwin for something that happened in another company.

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