Paul Flowers: Banking And Finance

An escort invited to drug parties by Paul Flowers using his Co-operative e-mail account is a gay porn star who plays youthful roles in sadomasochistic videos and charges clients £450 a night.

On April 15, two weeks after the Co-op Bank gave the Labour Party a £1.2 million loan to help to fight the next election, its chairman, Mr Flowers, used his work e-mail to arrange an encounter with Ciaron Dodd involving use of cocaine and the horse tranquilliser ketamine.

The escort wrote: “Thursday is coolio can [I bring my] friend lucas? xxx”. Mr Flowers replied: “I like him a lot — but can’t afford the 2 of you this time...!!!! P Xx”. The following day, Mr Flowers wrote: “Been waiting for you to come and have some coke and k with me ...!!!!!!p”

The Co-op Group confirmed that it would include Mr Flowers’ drug e-mails to Mr Dodd in its fact-finding review of wrongdoing.

That Times Business section story in full. 

Fagburn wonders how this news will affect the stock market?