Bank cancels debts of schools caught in computer scam

Sarah Coles
Clydesdale Bank
Clydesdale Bank

Tim Ireland/PA Archive/Press Association Images

Clydesdale Bank has agreed to wipe out millions of pounds of debt, owed by British schools who were taken in by an equipment leasing rip off scheme.

A BBC investigation showed that the scam forced schools into debt, and led to the resignation or suspension of 10 head teachers.