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Whistleblower hotline (01326) 560229

We agree with Karl’s assessment.

 

 

From: Karl Capp
Subject: Published letter from Griggs to Nicky Morgan TSC
Date: 5 July 2018 at 17:15:46 GMT+2

 

See attached Griggs’ letter to NM.

Griggs states, ex-gratia payment, separate to any subsequent compensation offer, of £35,000 to each potentially impacted customer at the start of the process.

THIS WAS BECAUSE LLOYDS MISSED THE DEADLINE THEY SET THEMSELVES AND A YEAR LATER THE PROCESS IS STILL NOT CONCLUDED

The Review is being carried out without outside scrutiny and without taking the facts and truth behind Turnbull.


STAGGERINGLY, in only 9 out of the 170 director outcomes did Griggs disagree with #LloydsBank. Why? The review is funded and governed by #LloydsBank

Griggs states compensation totalling £76m, with £63m categorised as D&I suffered. This leaves just £13million against business losses.
HBOS ruined businesses as well as lives. After 10 to 18 years of financial, personal hardship this is a pathetic average of £540K/director for a £1.2billion fraud. 

Link here or article attached: https://publications.parliament.uk/pa/cm201719/cmselect/cmtreasy/correspondence/Russel-Griggs-Nicky-Morgan-hbos-reading.pdf
KC

                                                                                                                                                        PROFESSOR (he’s not a real professor) RUSSEL GRIGGS