Edmonds calling for £100m off the Banker
Star seeks Lloyds compo for fraud
NOEL Edmonds is claiming up to £100million from bank giant Lloyds over the collapse of one of his firms.
The Deal Or No Deal host says he fell victim to a fraud at Halifax Bank of Scotland, which Lloyds rescued in 2009.
His lawyers say he suffered “deep distress and public humiliation” from the scandal, which allegedly led to destruction for the Unique Group, a holding company for some of his businesses.
They have written to Lloyds boss Antonio Horta-Osorio demanding payment for his “immense economic loss”.
Their letter claims Mr Edmonds, 68, was caused “deep distress and public humiliation” by the fraud, centred on ex-staff at HBOS’s Reading branch.
A group of corrupt HBOS financiers were jailed this year over a £245million loans scam that destroyed several businesses. They spent the profits on highend prostitutes and luxury holidays.
Lloyds said weeks ago it would begin offering compensation to HBOS fraud victims this month. Payments from a £100million pot are expected to start in June. The bank would have to hike the bill if Mr Edmonds is successful.
In his TV show, axed by Channel 4 last year, contestants tried to beat the Banker – linked to the host by phone.
The biggest chunk of the star’s claim is based on Unique’s value if it had been sold – at least £50million at the time but potentially more if it existed now.
Lloyds said that if a review determined the compensation level required it to increase the provision then “we will absolutely do so”. A total of 64 customers, including the TV presenter, are due to be recompensed.
Mr Edmonds said: “I suffered losses due to fraud by one of Lloyds’ managers.
“I trust Mr Horta-Osorio is true to his word and ensures I am compensated for destruction of my businesses and damage to my reputation. If not, then I will pursue my claim via the courts.”