Former head of fraud at part-nationalised bank is accused of submitting false invoices
A former head of fraud at Lloyds Banking Group has herself been charged with a £2.5m fraud, causing blushes at the part-nationalised bank.
The fraud is alleged to have started in September 2008, shortly before Lloyds had to be bailed out by the taxpayer. The UK government owns 41% of Lloyds after funnelling £20bn of rescue funds into the bank during the financial crisis.
Harper, who lives in Croydon, south London, will appear before Westminster magistrates court next Thursday, charged with one count of fraud by abuse of position.
He said the CPS had decided there was "a realistic prospect of conviction and a prosecution is in the public interest".
Lloyds said: "As the court process is ongoing it would be inappropriate for us to comment."