Lloyds bank urged by mps to compensate customers scammed by corrupt hbos bankers in ?245m fraud _ the independent

.

Chair of the All-Party Parliamentary Committee on Fair Business Banking, George Kerevan, wrote in the letter: “We are at a point where, once again, there are a large group of aggrieved business people who have lost their livelihoods.

Kerevan added that the complaints of the “criminal activity were raised with senior HBOS management at board level and as early as 2007 and were repeated to senior Lloyds management after the takeover.

“Further, police investigations were delayed because both HBOS and subsequently Lloyds informed the authorities that it was the bank that was the wronged party – rather than small business customers – but that the bank had no wish to pursue a prosecution.”

Confidential documents seen by the Sunday Times reportedly show that assets of customers who were victims of the fraud are still being held on trust for the bank. Binary number calculator The assets are held through a company nominally run by Mr Mills but the documents reveal senior bank staff regarded them as belonging to the bank, the newspaper reported.


A former South Korean executive of UK-based Reckitt Benckiser has been jailed for seven years over the sale of a humidifier disinfectant that killed about 100 people and left hundreds with permanent lung damage.

Shin Hyun-woo, head of Reckitt Benkiser’s Oxy subsidiary from 1991 to 2005, was found guilty of accidental homicide and falsely advertising the deadly product as being safe even for children.

The court ruled on that Kerviel was “partly responsible” for massive losses suffered in 2008 by his former employer Societe Generale through his reckless trades.

Antonio Horta-Osorio, the chief executive of Lloyds Bank, has broken his silence over allegations about his private life admitting he regrets any “damage done to the group’s reputation”.

In a message sent to the bank’s 75,000 employees, the banker said that anyone can make mistakes while insisting that staff had to maintain the highest professional standards.

The head of the International Monetary Fund (IMF), Christine Lagarde, must stand trial in France over a payment of €403 million (now ?340m, then ?290m) to tycoon Bernard Tapie, a France’s highest appeals court has ruled.

A senior executive at HSBC has been arrested at New York’s JFK airport for his alleged involvement in a conspiracy to rig currency benchmarks, according to reports.

Two ex- PricewaterhouseCoopers staffers were found guilty in Luxembourg of stealing confidential tax files that helped unleash a global scandal over generous fiscal deals for hundreds of international companies.

Antoine Deltour and Raphael Halet face suspended sentences of 12 months and 9 months and were ordered to pay fines of €1,500 (?1,230) and €1,000 (?822) for their role in the so-called LuxLeaks scandal. Gbp usd forecast Despite the minimal sentences, the ruling was described by Deltour’s lawyer as “shocking” and “a terrible anomaly.”

The ruling “puts on guard future whistle-blowers,” Deltour told reporters.The LuxLeaks revelations sped beyond Luxembourg, causing European Union regulators to expand a tax-subsidy probe and propose new laws to fight corporate tax dodging, while EU lawmakers created a special committee to probe fiscal deals across the 28-nation bloc.

A former Goldman Sachs dealmaker trying to persuade Gadaffi-era Libya to invest $1 billion with the investment bank procured prostitutes and invited Libyan officials to lavish parties in the hope of winning the business, the High Court heard on Monday June 13.The Libyan Investment Authority sovereign wealth fund is suing Goldman Sachs for inappropriately coercing its naive staff into giving its sovereign wealth fund cash to the bank to invest in products they did not understand. Euro dollar exchange rate history The products were designed to generate big profits for Goldman, the LIA claims.Goldman denies wrongdoing and says the LIA was treated as an arms-length customer

Darren Topp, the former boss of BHS, has said former owner Dominic Chappell threatened to kill him when he challenged him over a ?1.5 million transfer out of the business.

Mike Ashley admitted paying Sports Direct employees below the minimum wage at a hearing in front of MPs. Usd zar exchange rate history The company founder said that workers were paid less than the statutory minimum because of bottlenecks at security in an admission that could result in sanctions from HMRC.

Mitsubishi has admitted to using false fuel methods dating back to 1991. Funny jokes in urdu video The scale of the scandal is only just coming to light after it was revealed in April that data was falsified in the testing of four types of cars, including two Nissan cars.

Millions of confidential documents have been leaked from one of the world’s most secretive law firms, exposing how the rich and powerful have hidden their money. Pound exchange rate graph Dictators and other heads of state have been accused of laundering money, avoiding sanctions and evading tax, according to the unprecedented cache of papers that show the inner workings of the law firm Mossack Fonseca, which is based in Panama.

Google reached a deal with the HM Revenue and Customs to pay back ?130 million in so-called “back-taxes” that have been due since 2005. Exchange rate usd to cfa George Osborne championed the deal as a “major success”. Aud usd exchange rate forecast But European MEPs have since called for the Chancellor to appear in front of the committee on tax rulings to explain the tax deal.

Martin Shkreli became known as the “most hated man in the world” after his drug company, Turing, increased the price of a 62-year-old drug that treated HIV patients by 5,000% to $750 a pill. Aud usd forecast today He was charged with illegally taking stock from Retrophin, a biotechnology firm he started in 2011, and using it pay off debts from unrelated business dealings. Dollar vs pound exchange rate Shkreli, who maintains he is innocent, and says there is little evidence of fraud because his investors didn’t lose money.

VW admitted to rigging its US emission tests so that diesel-powered cars would looks like they were emitting less nitrous oxide, which can damage the ozone layer and contribute to respiratory diseases. Thb to usd exchange rate Around 11 million cars worldwide were affected.

Quindell was once a darling of AIM but its share price fell in April 2014 when its accounting practices were attacked in a stinging research note by US short seller Gotham City. Gold price us dollars In August the group was forced to disclose that the ?107 million pre-tax profit it had reported for 2013 was incorrect, and it had in fact suffered a ?64million loss.

The boss of Toshiba, the Japanese technology giant, resigned in disgrace in the wake of one of the country’s biggest ever accounting scandals. Famous quotes about love His exit came two months after the company revealed that it was investigating accounting irregularities. Binary multiplication calculator An independent investigatory panel said that Toshiba’s management had inflated its reported profits by up to 152 billion yen (?780m) between 2008 and 2014.

Fifa, football’s world governing body, has been engulfed by claims of widespread corruption since the summer of 2015, when the US Department of Justice indicted several top executives. Stock meaning in english It has now claimed the careers of two of the most powerful men in football, Fifa President Sepp Blatter and Uefa President Michel Platini, after they were banned for eight years from all football-related activities by Fifa’s ethics committee. Usd to rub A Swiss criminal investigation into the pair is ongoing.

City trader Tom Hayes, 35, has become the first person to be convicted of rigging Libor rates following a trial at London’s Southwark Crown Court. Us dollar indian rupee exchange rate today Hayes worked as a trader in yen derivatives at UBS before joining the American bank Citigroup in Tokyo. Binary to denary He was fired from Citigroup following an investigation into his trading methods. Exchange rate usd to cny He returned to the UK in December 2012 and was arrested following a two-and-a-half year criminal investigation by the SFO.

Leave a Reply

Your email address will not be published. Required fields are marked *

All materials are found on open spaces of a network the Internet as freely extended and laid out exclusively in the fact-finding purposes. If you are what lawful legal owner or a product and against its placing on the given site, inform us and we will immediately remove the given material. The administration of a site does not bear responsibility for actions of the visitors breaking copyrights. abuzesite@bigmir.net

banner