Lloyds under fire to publish full £1bn HBOS fraud review

The Lloyds Banking group has been urged to issue the full version of a long -awaited review of whether it is hiding a billion pounds of a billion pounds linked to the HBOS reading branch.

Ms. Meg Heller, Chairman of the Treasury Committee, called for Lloyds to publish a “full copy” of a review of Linda Dops – an independent investigation that explores the bank's behavior about HBOS fraud – that it was completed. This step follows large -scale fears that Lloyds may only launch excerpts or “results” instead of the unlimited report.

The fraud, which was discovered in 2007, included rogue bankers and advisers who manipulated risky credit arrangements in HBOS, which Lloyds saved in 2009. Since he paid more than 1.3 billion pounds as compensation and another charge linked to the scandal, but critics claim that The bank initially sought to bury the case and did not completely cooperate with the police.

It was launched in 2017 and was funded by LLOYDS, and it was initially expected to deduce the DobBS review within months. However, the final report remains incomplete. Lloyds has constantly pledged to issue the “results” of the review, but he was unambiguously to publish it completely. Dubes, a retired judge of the Supreme Court, said she intends to formulate the document in a way that allows full publication.

Hillier's intervention was pushed with a message from Andy Agathangelou, founder of the Consumer Group's Transparency Business Squad, which transmits campaigns to open up within financial services. Agathangelou pressed the Treasury Committee to ensure the issuance of the unspeakable report and check the reasons for its prolonged delay.

In her response, Hillier confirmed that the conclusion and publication of the review was “necessary”, but he stressed that further scrutiny in the committee may prolong the process. However, she made it clear that the Treasury Committee's expectations are that LLOYDS issues the full report.

A Lloyds spokesman answered: “We are standing alongside our obligations towards the committee and looking to cooperate with them,” and refused to clarify whether the full document will be placed in the public domain. Agathangelou welcomed Hillier's statement, describing it as a “clear and uncomplicated” signal to LLOYDS that only “a complete and non -designed version” would fulfill the concerns of the affected.