Drugs scandal rocks troubled 'ethical' bank | Bangkok Post: news

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Drugs scandal rocks troubled 'ethical' bank

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The Co-operative Group said on Tuesday that its chairman had resigned after the former head of its banking arm -- which prides itself on ethical investments -- was filmed allegedly planning to buy illegal drugs. 

A branch of the Co-operative Bank in London on July 19, 2012

Len Wardle, chairman of the supermarket-to-banking business, said he was standing aside after former Co-operative Bank chairman Paul Flowers -- a 63-year-old church minister -- was linked to allegations involving crack cocaine, crystal meth and ketamine.

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