Lyden Scourfield pleaded guilty to six counts including corruption for accepting bribes from consultant David Mills in the form of sex parties, designer watches and holidays between 2003 and 2007.
Two ex-HBOS managers have been found guilty of bribery and fraud alongside four other consultants.
Lyden Scourfield pleaded guilty to six counts including corruption for accepting bribes from consultant David Mills in the form of sex parties, designer watches and holidays between 2003 and 2007.
In return Scourfield told customers to use Mills’ firm, Quayside Corporate Services, which made inappropriate loans to struggling businesses and charged companies high consultancy fees for the pleasure.
Scourfield and another HBOS manager Mark Dobson were convicted alongside Mills, Michael Bancroft, Alison Mills and John Cartwright at Southwark Crown Court on counts including bribery, fraud and money laundering.
Stephen Rowland, prosecutor of the Crown Prosecution Service fraud division, said: “This had a very real impact on a lot of people; individuals who had worked had to build up companies.
“They found themselves losing their companies and in many cases losing their homes as well as suffering enormous emotional strain and trauma.
“There's no way this was a victimless crime - as a result of this crime, real people suffered great hardship.”
The court heard that HBOS, which was taken over by Lloyds in 2009, wrote off £245m from Scourfield's loan book.
Prosecutor Brian O'Neill QC told the court: "What Scourfield gave Mills in addition to fees was the opportunity to take control of the various businesses and, in some cases, to acquire ownership of them.
“Mills and his associates used the bank's customers and the banks's money dishonestly to enrich themselves.”
Jonathan Cohen, Scourfield’s accountant, was acquitted of fraudulent trading and conspiracy to conceal criminal property.
