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Noel Edmonds accuses Lloyds of 'foot dragging' on fraud claim

The former host of TV's Deal Or No Deal demands to meet the bank's chairman as he seeks 拢50m in fraud compensation.

Noel Edmonds and his wife Elizabeth arrive prior to the Monaco Formula One Grand Prix
Image: Noel Edmonds says he suffered 'public humiliation'
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Noel Edmonds has accused Lloyds Banking Group of dragging its feet in compensating victims of a fraud by bank staff.

The former host of TV's Deal Or No Deal and Noel's House Party confirmed he was seeking from the bank last week, claiming he suffered "immense economic loss" and "public humiliation".

He argues his former business, Unique Group, was among firms affected by a £245m loans scam by HBOS employees in Reading who were jailed earlier this year.

It emerged on Monday he was demanding to meet Lloyds' chairman, Lord Blackwell, to discuss his claim and had been left disappointed by the bank's response - accusing it of "foot dragging" for four years.

He said in a letter to the peer: "Since you have appointed only one individual tasked with assessing what will be complex and substantial claims from at least 100 fraud victims, it is difficult to see how your assurance that compensation will be paid 'within weeks' can be adhered to when the necessary infrastructure has not been put in place."

He urged Lord Blackwell to meet him, saying he had been snubbed by chief executive Antonio Horta-Osorio.

He added: "May I suggest therefore that you agree to such a meeting in the next few days so that you can then direct the future actions of your bank with a full understanding of the human cost of its wrongdoing."

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Lloyds has set aside £100m to cover potential compensation payments.

The bank said on Monday: "We have confirmed to the customer concerned that they have been included in the review, which is being overseen by Professor Russel Griggs as independent reviewer.

"The review will assess any compensation due and will provide an opportunity for customers to input directly on any aspects of their interactions with the HBOS Impaired Assets office in Reading.

"We remain on track to begin making the first compensation offers before the end of May and anticipate making compensation offers by the end of June to all customers who have confirmed their participation in the review."