Speed boat bought by HBOS fraudster who wrecked small firms is sold for £1.1m

hbos yacht

A yacht once used by a criminal banker who wrecked small businesses to line his own pockets has been sold.

The 100 ft Powder Monkey previously belonged to David Mills, the ringleader of a gang operating out of the Reading branch of HBOS.

The motorboat was on the market for £1million and has been sold, according to Boat International magazine.

Her new owner has changed the vessel’s name to Great Hope and taken her from Majorca, where she was impounded by officials, to the mouth of the Suez Canal in Egypt.

The owner of turnaround firm Quayside Services, 61-year-old Mills stripped the assets from businesses referred to him by corrupt HBOS employees in a £245million fraud.

They squandered the profits on holidays, prostitutes and luxury goods.

Mills is understood to have bought Powder Monkey for £4million.

He was jailed for 15 years in 2017, along with wife Alison, 52, and the rest of the gang.