Serious Fraud Office understood to be considering new HBOS probe

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Serious Fraud Office investigators are said to be mulling a fresh probe into the £1billion fraud at stricken Halifax Bank of Scotland


Serious Fraud Office understood to be considering new probe into £1bn fraud at stricken HBOS

City & Finance Reporter for the Daily Mail

Serious Fraud Office investigators are said to be mulling a fresh probe into the £1billion fraud at stricken Halifax Bank of Scotland

Serious Fraud Office investigators are said to be mulling a fresh probe into the £1billion fraud at stricken Halifax Bank of Scotland

Investigators at the Serious Fraud Office are mulling a fresh probe into the £1billion fraud at stricken Halifax Bank of Scotland, it has been claimed.

The agency is said to be reviewing allegations contained in an internal report on the scandal, produced for parent Lloyds Bank.

The report – known as Project Lord Turnbull – claimed directors, including then-chief executive Andy Hornby, knew criminal staff at the lender’s Reading branch were wrecking companies for a profit.

It also said bosses at HBOS tried to cook the books to make losses appear lower after discovering the fraud had cost the bank at least £800million. 

The SFO refused to comment.

 

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