Former HBOS Banker Received String of Bribes

A senior former banker at HBOS received a string of bribes over five years – including cash, use of a credit card, luxury holidays and payments for prostitutes – in exchange for agreeing bank loans channelled to ailing business with little or no hope of recovery, a court has heard. Lynden Scourfield had been in charge of dealing with many businesses across the South of England and Wales that were struggling to repay HBOS loans, deciding whether the bank should waive repayments, offer further funding, or allow the business to go bust. A jury at Southwark crown court was told on Monday that he had been engaged in a corrupt relationship with former banker and venture capitalist David Mills, who had set up a turnaround consultancy business called Quayside Corporate Services.

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