The Reverand Paul Flowers, a Methodist Church Minister, was selected and became Chairman of the Co-op Bank although he only had 4 years work experience in "Banking" !
During his reign the Co-op Bank made losses of 700 Million Pounds Sterling !
When he was questioned by the Treasury Select Committee he was unable to reply competently to even simple questions !
It now transpires from Newspaper reports that he also had serious drug problems and that he is a cocaine addict ! This has resulted in his suspension from Ministerial Duties by the Methodist Church !
The real basic question is "How can a man with no real Banking Experience be appointed to be the Chairman of a Bank ?".
Was a Management Consultant not retained ? Who proposed that the Reverand Paul Flowers be employed and who fixed his salary ? Something seems to be very wrong. Should other culprits not be named ?
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