The boss of digital bank Starling has threatened to take legal action against the former anti-fraud minister over his comments about its Covid loans fraud record.
In a letter to Lord Agnew of Oulton, chief executive Anne Boden called the former minister's claims the bank's allegedly failed to stop fraudulent activity of state-backed Covid loans "wild accusations".
She wrote: "Your statements are defamatory and I must ask you to withdraw them. You say that you have no information to support your accusations, but you continue to repeat them despite Starling making it clear that you are wrong."