Vice chairman? Downfall of ex-bank boss grips UK

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http://www.adn.com/2013/11/21/3190779/vice-chairman-downfall-of-ex-bank.html



This is an undated photo made available by the Cooperative Group of Paul Flowers. Britain's prime minister says the Co-operative Bank will face an independent inquiry into the role of its former chairman, a minister who was filmed allegedly buying crystal meth and other drugs, it was reported on Wednesday, Nov. 20, 2013. Paul Flowers, a Methodist minister who led the bank for three years until he stepped down in June, has apologized after footage of him allegedly buying drugs emerged this week. The Mail on Sunday reported that he bought the drugs just days after lawmakers grilled him on the bank's disastrous finances.

Vice chairman? Downfall of ex-bank boss grips UK
By SYLVIA HUI
Associated Press
November 21, 2013 Updated 9 minutes ago

LONDON — He was a bank boss, but had no apparent banking experience. He was a Methodist minister, but got busted for allegedly buying cocaine and downloading porn at work.

The spectacular downfall of Paul Flowers, the former chairman of Britain's Co-operative Bank, was a tale made for the splashy British tabloids. His troubles began with the near collapse of the bank he was heading, but came to a head this week when a newspaper released footage that showed him handling over cash to a dealer selling hard drugs including crystal meth and ketamine.

Flowers, 63, has apologized for his "stupid and wrong behavior," but his humiliation continues.

He was arrested late Thursday as part of a drugs investigation, as more shadowy details are being dug up about his life.