Yahoo Finance UK: Ex-Co-op Bank chair charged with drug offenses
Former chairman of UK's beleaguered Co-op Bank charged with drug possession
Former Co-op Bank boss Paul Flowers arrives to answer bail in connection with alleged drugs supply offences, at Stainbeck Police Station, Leeds, England, Wednesday, April 16, 2014. Police say the former chairman of Britain’s troubled Co-operative Bank has been charged with drug offenses. Paul Flowers, a Methodist minister, resigned from the bank last year amid claims of drug use and inappropriate expenses payments. He was arrested in November after a tabloid newspaper published footage of him allegedly buying crystal meth, cocaine and ketamine. West Yorkshire Police said Wednesday that Flowers faced two counts of possessing “class A,” or hard, drugs and one of possessing a class C drug. The Co-op is Britain’s biggest mutual society, active in everything from food to funerals to financial services. Last year, faced with a 1.5 billion-pound ($2.4 billion) black hole in its banking division, the Co-op agreed to a rescue plan giving hedge funds a huge share of its operations. (AP Photo/Lynne Cameron, PA Wire) UNITED KINGDOM OUT - NO SALES - NO ARCHIVES
LONDON (AP) -- Police have charged the former chairman of Britain's troubled Co-operative Bank with drug offenses.
Paul Flowers, a Methodist minister, resigned from the bank last year amid claims of drug use and inappropriate expenses payments.
He was arrested in November after a tabloid newspaper published footage of him allegedly buying drugs.
West Yorkshire Police and prosecutors said Wednesday that Flowers was charged with possession of cocaine, methamphetamine and ketamime.
The Co-op is Britain's biggest mutual society, active in everything from food to funerals to financial services.
Last year, faced with a 1.5 billion-pound ($2.4 billion) black hole in its banking division, the Co-op agreed to a rescue plan giving hedge funds a huge share of its operations.
