Lloyds Bank settles with couple who uncovered HBOS fraud

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Dec 01, 2017
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Nikki and Paul Turner uncovered fraudulent activity at the Reading branch of HBOS

Philip Toscano/PA 

Lloyds Banking Group has a reached a settlement with a married couple who helped to uncover one of Britain’s biggest financial frauds at the Reading branch of the its HBOS unit.

Nikki and Paul Turner claimed that the bank’s negligence contributed to the demise of their business.

The Turners said in a statement that they were “relieved and delighted that, after nearly 14 years, we have been able to agree a settlement with the bank that enables us get on with our lives”.

No details were released on the amount of the settlement, but the couple said that Lloyds had “recognised not only our role in campaigning for the victims of the HBOS Reading scandal but also that we will be continuing our work on behalf of other victims in order to help them secure a similar element of closure”.

A joint statement with the bank said that both sides were “pleased that the dispute between them has been fully resolved and a settlement has been reached”.

The bank said it was “sorry for the significant personal distress the Turners have suffered and acknowledges their vital role, over more than a decade, campaigning tirelessly for justice for all the victims of the criminal conduct at HBOS Reading Impaired Assets Office”.

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