Two friends have been convicted of conspiring to defraud banks of hundreds of millions of pounds during a five-year property and luxury yacht scam.
Achilleas Kallakis and Alexander Williams, both 44 and from London, tried to swindle Allied Irish Banks (AIB) out of £740 million and Bank of Scotland (BOS), as it was known, of £22m between August 2003 and November 2008.
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