The Dame Linda Dobbs Review
Dame Linda Dobbs DBE has been appointed by Lloyds Banking Group ("LBG") to consider whether the issues relating to HBOS Reading were investigated and appropriately reported to authorities at the time by LBG, following its acquisition of HBOS.
The independent legal assessment will cover the period following HBOS’s acquisition by LBG, in January 2009, through to the conclusion of criminal proceedings commenced against six individuals in connection with the HBOS Reading fraud. In addition, the Review will examine relevant evidence from before 2009 in order to assess what LBG knew or should reasonably have known about what happened at HBOS Reading by the time of the acquisition.
Dame Linda's appointment was announced by LBG on 26 April 2017. LBG's announcement is available here.
Understandably, the victims of the HBOS Reading fraud, the witnesses who have given their time and energy to speak to the Dobbs Review and other interested parties are no doubt eager to know when my report into Lloyds Banking Group’s handling of the affair will be completed.
Subject to any constraints imposed by the government as a result of the COVID pandemic, I now expect that the interviewing of witnesses will be completed during the first half of 2021. I aim to submit my report as expeditiously as possible thereafter.
My report will include a detailed account of the work required in carrying out the Review so that readers can have a full understanding of what has been involved. As already noted, processing and analysing the voluminous documentation has been a complex, time-consuming, forensic process. To this day the Review is still receiving relevant documents. Some of the more recent substantial tranches of documentation are highly significant and may well have a material impact on my findings.
My aim is to finish the Review as speedily as possible. However, there can be no shortcuts if the investigation is to be thorough.
Those affected by the HBOS Reading fraud deserve no less.
Dame Linda Dobbs
Dame Linda will assess whether, between 19 January 2009 and 30 January 2017, information about issues relating to HBOS Reading which LBG knew, or should have known about through reasonable diligence, was properly investigated and appropriately reported to the relevant authorities. As part of this assessment, the Review will examine relevant evidence from before 2009 in order to assess what LBG knew or should reasonably have known about what happened at HBOS Reading by the time of the acquisition.
Further detail as to the Scope of the Review is available here.
To view a copy of the guide, click here.
The Review welcomes comment and submissions from interested parties. Evidence or information relevant to the inquiry should be submitted directly via email to email@example.com.
A copy of Dame Linda's announcement inviting submissions is available here.
A message from Dame Linda Dobbs to Witnesses - March 2020 can be found here.
LBG’s clear position is that anyone with relevant information can provide it to the Review. The confirmation letter is available here.
Dame Linda was the first non-white High Court judge to be appointed in the UK and before that she was a leading barrister and QC, specializing in fraud and white collar crime cases. Her professional biography is available here.
All media enquiries concerning the Review should be addressed to:
Peter Wilson-Smith +44 (0)20 7043 4604 or +44 (0)7979 526152
Jimmy Chen +44 (0)20 7043 4606 or +44 (0)7787 492922