Bank staff charged over fraud

Eight people have been charged in connection with a series of fraudulent business loans made through a high-street bank to the value of about £35m.

The loans were issued from the Halifax Bank of Scotland (HBOS) branch in Reading, Berkshire, and two former senior managers of the bank were among those charged.

The charges followed an investigation by Thames Valley Police into corruption, fraud and money laundering, after the case was referred to the force by the Financial Services Authority.

Those charged included former HBOS employees Lynden Scourfield, 50, and Mark Dobson, 52, along with David Mills, 56, and Michael Bancroft, 69, of Quayside Corporate Services, a consultancy firm.