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Ex-HBOS managers charged in £35m fraud case

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.

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