Ex-banker embroiled in alleged drug scandal
LONDON (AP) — The Co-operative Group says it will investigate any "inappropriate behavior" among its employees after a video emerged in which the former chairman of its bank is allegedly caught buying illegal drugs.
The country's largest mutual society announced the review Monday after Paul Flowers apologized "to all I have hurt or failed by my actions," following the video released by the Mail on Sunday. The newspaper says Flowers was filmed days after a parliamentary committee grilled him on the bank's disastrous performance.
West Yorkshire police are making inquiries after the newspaper's allegations.
The revelations are certain to heap more pressure on Co-op, which has reshaped its leadership in the wake of financial troubles that emerged after its 2009 acquisition of the Britannia Building society.