Law360, London (March 23, 2021, 8:22 PM GMT) -- The National Crime Agency said Tuesday that it won't pursue a criminal investigation into a scandal-hit Lloyds Banking Group unit at the heart of a £245 million ($337 million) loan scam that saw the lender create a compensation scheme for defrauded victims.
The agency said it had completed its review of fraud allegations against a former HBOS unit and concluded that there was no evidence to support a full investigation.
Prosecutors have been looking into allegations against former employees of HBOS Impaired Assets Division in the London and South-East Region since 2018. The review was triggered after former managers and financiers were jailed...
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