Review: HBOS scandal victims have been left waiting more than seven years for a verdict
Furious victims of the HBOS Reading scandal last night demanded a swifter verdict from the review into the affair that has now lasted more than seven years.
A lawyer for dozens of individuals at the centre of the corporate fraud fiasco has warned customers had ‘waited long enough’ with many now ‘elderly and frail’.
At the start of 2017, six people – two of them former HBOS staff – were convicted for criminal misconduct between 2003 and 2007.
The near-£250million loans scam dragged around 200 innocent business owners into severe financial distress. Total losses have been estimated at more than £1billion.
But victims are still waiting for the conclusions 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 stroke due to stress, has demanded an interim report of Dobbs’s review to be published immediately.
‘It doesn’t make sense why it would take so long. It would be nice to get on with life,’ he told the Mail.
DIY INVESTING PLATFORMS
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.