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Police dossier says former HBOS directors failed to act on fraud allegations

A N alleged £1 billion HBOS corporate fraud was known to former directors of the state-rescued bank, but they failed to act on the information, sources close to Thames Valley Police have told the Sunday Herald.

A dossier of evidence intended to support claims that the ex-directors failed to alert the appropriate authorities has been handed by the police to the Crown Prosecution Service (CPS).