The fraud involved bribery with sex parties, holidays, cash and expensive watches and saw HBOS clients referred to a consultancy called Quayside Corporate Services and then asset-stripped. Following last month's sentencing, Lloyds came under intense political pressure to compensate businesses that were victims of the scam. It said today that it "has written to the majority of customers identified as having been affected by the criminal acts perpetrated by the two former HBOS employees and Quayside Corporate Services". The bank also plans to hold "several informal meetings with customers, providing an opportunity to hear direct from them and to listen to their views on the planned review".