Table of Contents
Review: Victims of HBOS scandal have had to wait more than seven years for a verdict
Angry victims of the HBOS Reading scandal last night demanded a speedier verdict in the seven-year review of the affair.
A lawyer for dozens of people at the centre of the corporate fraud fiasco warned that clients had “waited long enough” and many are now “elderly and frail”.
In early 2017, six people, two of them former HBOS employees, were convicted of criminal misconduct between 2003 and 2007.
The nearly £250m loan scam dragged around 200 innocent businessmen into serious financial difficulties. Total losses are estimated to be in excess of £1bn.
But victims are still awaiting the findings of an independent review, also set up in 2017 and chaired by former High Court judge Dame Linda Dobbs.
Victim Paul Turner, whose wife Nikki suffered a stress-related stroke, demanded an interim report from Dobbs’ review be released immediately.
“There’s no point in this taking so long. It would be nice to get on with my life,” she told the Mail.
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investment and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free investment ideas and fund trading
interactive investor
interactive investor
Flat rate investing from £4.99 per month
Saxo
Saxo
Get £200 back in trading commissions
Trade 212
Trade 212
Free treatment and no commissions per account
Affiliate links: If you purchase a product This is Money may earn a commission. These offers are chosen by our editorial team as we believe they are worth highlighting. This does not affect our editorial independence.