Probe at Lloyds over allegations of fraud against small businesses

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Lloyds Bank faces new police investigation into allegations of fraud against small businesses

By A Daily Mail Reporter

Published: | Updated:

Lloyds Bank is facing a new police investigation into allegations of fraud against small businesses.

Cardiff-based property investor Kashif Shabir has claimed the bank drove him out of business and sold his assets in 2009, the Sunday Telegraph reported. 

Lloyds Bank is facing a new police investigation into allegations of fraud against small businesses.

A High Court judge is already investigating what Lloyds bosses knew about the scam at HBOS’s Reading branch that defrauded business customers, for which owner Lloyds was fined £46million.

The latest probe provides a headache for under-fire Lloyds Bank boss Antonio Horta-Osorio, as letters from 2014 reveal the chief executive had assured the then Business Secretary Sir Vince Cable he had ‘looked into the matter personally’.

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