Eight on corruption charges over £35m business loans

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Eight people have been charged with corruption in connection with business loans made through a high street bank to the value of around £35m, the Crown Prosecution Service (CPS) said last night.

Among those charged are former senior managers at HBOS Lynden Scourfield, 50, and Mark Dobson, 52.

Also charged as part of the same alleged conspiracy to corrupt are David Mills, 56, and Michael Bancroft, 69, of Quayside Corporate Services, a turnaround consultancy, the CPS said. A fifth man John Cartwright, 68, of Hyde, Cheshire, has been charged, along with three of the men’s wives Jacqueline Scourfield, 50, Alison Mills, 47, and Beverley Bancroft, 64.

Thames Valley Police said the charges follow an investigation into corruption and other offences originating from the impaired assets team at the Halifax Bank of Scotland branch based in Reading. The case was referred to the force by the Financial Services Authority. All will appear in court in Reading on January 18.