Stephen Dartnell, George Alexander and Kerry Lloyd, formerly of TAL, Elfed Thomas and Carl Cumiskey, formerly of H2O Networks Ltd, and Simon Mundy, formerly of KBC, were charged with conspiracy to commit fraud by false representation in connection with the purchase of a number of agreements by KBC and Barclays Asset Finance from TAL.

Dartnell, Mundy and Lloyd were also charged with conspiracy to give corrupt payments in connection with the same agreements, which were referred by KBC to the Serious Fraud Office in October 2010.

The defendants will appear at Southwark Crown Court, London on 22 January.