By William James and Matt Scuffham LONDON (Reuters) - British police have arrested the former chairman of the Co-operative Bank as part of an investigation into the supply of illegal drugs, ratcheting up pressure on the 141-year-old bank as investors mull plugging a $2.4 billion capital shortfall. Prime Minister David Cameron has questioned why Paul Flowers, a one-time local Labour politician and Methodist preacher with no banking qualifications, was judged suitable for the chairmanship during a period when the bank nearly collapsed. The publication of a video by the Mail on Sunday which the newspaper said showed Flowers arranging to buy crack cocaine and crystal meth propelled the Co-op into a political storm over the executive's links to leaders of the opposition Labour party. Flowers has not yet directly addressed the allegations of drug use, but after the video appeared he released a statement through the Methodist Church saying he had a difficult year.
via Health News Headlines - Yahoo! News http://news.yahoo.com/british-police-arrest-former-co-op-bank-chairman-074054954--sector.html
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