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Hawes recalled a night out with Mills, Bancroft and a Lloyds Bank worker where they were introduced to a group of girls they had never met before.

He claimed one of their party suggested the women accompany them back to Bancroft’s room for a nightcap but insisted he had no idea the girls would then perform lap dances for them.

He was cleared of concealing cash for senior HBOS official Lynden Scourfield (right), 55, and his associates between 20HBOS, once the UK’s biggest mortgage lender, suffered a devastating collapse during the 2008 credit crunch - and taxpayers were left to foot the £20.5billion bill.

Scourfield admitted charges including corruption and was jailed for 11 years in February.

He pumped eye-watering sums of cash into the failing businesses as Mills and his associates charged exorbitant fees for ‘consultancy services’ and ran the companies into the ground.