Thread by @Ian_Fraser

. @kevinhollinrake, chairman of the @APPGbanking has made clear to Lloyds CEO António Horta-Osório that the cross-party group *will publish* the Project Lord Turnbull Report unless Lloyds does so first. uk.reuters.com/article/uk-llo…

One of the most devastating documents about a British bank to have surfaced since the crisis, the #ProjectLordTurnbull report reveals how Lloyds/HBOS + KPMG (PWC?) buried the £1bn HBOS Reading fraud. Full report available to download here. Tx @RNW_MITCHELL eamonnblaney.com/project-lord-t…

The explosive 'Project Lord Turnbull' report was first referred to the Commons by @kevinhollinrake MP on 10 May. He is now calling for a public inquiry into the contents, which allege a 9-year coverup by Lloyds of a massive and devastating internal fraud yorkshirepost.co.uk/news/kevin-hol…

The report makes clear that if HBOS had properly disclosed the fraud in its 2007 annual report neither rights issue that stabilised its precarious financial position nor the rescue takeover by Lloyds would have been possible uk.reuters.com/article/us-llo… via @ReutersLawrence @EMRumney

The report confirms the boards of Lloyds & HBOS misrepresented their knowledge of the Reading fraud for over a decade, feigning ignorance of criminality. In doing so, they perpetuated and extended the agony for the fraud's many victims. via @SMEAllianceLtd smealliance.org/blog/lord-turn…

Lloyds Banking Group feels the heat as HBOS fraud report is published. via @guardian @Reuters theguardian.com/business/2018/…

Adding to the pressure on Lloyds, Thames Valley police and crime commissioner Anthony Stansfeld is calling for heads to roll in the Lloyds boardroom over the nine-year cover-up

External Tweet loading...
If nothing shows, it may have been deleted
by @jameshurley view original on Twitter

Powerful statement from Paul and Nikki Turner, who discovered the £1 billion HBOS Reading fraud in 2007 and alerted the entire board of HBOS to it in August 2007 and prime minister Gordon Brown in October 2008. via @Spandavia @jasonnisse

Statement of Paul & Nikki Turner, who fought tirelessly to expose the HBOS Reading fraud, which destroyed many people's livelihoods and lives. Lloyds' treatment of ex senior employee Sally Masterton and misrepresentation of her PLT report have been particularly despicable

My overview of the massive, disgusting HBOS Reading fraud that Lloyds seems eager to misrepresent. I worked on exposing this in 2008-12, inc making a @BBCRadio4 File on 4. Had to stop when contempt became a risk after some of the perpetrators were arrested nakedcapitalism.com/2017/02/ian-fr…

After Lloyds took over its larger rival HBOS in January 2009, it inherited the legacy of a massive fraud. As @grepsul explains here its response was dangerously flawed. It chose to dismiss and persecute the victims ft.com/content/aab554…

And, finally, a reminder. The damning 'Project Lord Turnbull' report which revealed Lloyds' 9-year cover up of the £1bn HBOS Reading fraud was first covered by @TomJHarper in @thesundaytimes thetimes.co.uk/article/bank-c…

HBOS bosses incl Andy Hornby knew criminal staff at the Reading branch were wrecking companies for profit, the rpt found. It claims bosses realised the fraud had cost the bank £800m but massaged the figure down to avoid need for disclosure @jamesburton01 dailymail.co.uk/news/article-5…

For someone who spent years exposing the £1bn HBOS Reading fraud, reading #ProjectLordTurnbull is a trip down memory lane. It's also one of the most explosive banking leaks of the past decade 🙂

Executive summary of the explosive #ProjectLordTurnbull report on Lloyds HBOS criminality - excerpt

Executive summary of explosive 180-page #ProjectLordTurnbull report on Lloyds HBOS criminality - part two

Lloyds' legal adviser suggested the bank could silence victims of the HBOS fraud by getting them evicted from their homes. But the adviser recommended holding off sending the eviction notice until after a @BBCRadio4 documentary about the case was aired standard.co.uk/business/jim-a…

I wrote this piece about Thames Valley Police's refusal to investigate the now well-documented role of HBOS's former senior executives and board directors in the £1bn HBOS Reading fraud back in July 2011 #ICYMI ianfraser.org/parameters-of-…