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A hard-core drug addict has apologised for his “stupid and wrong” behaviour and said he is seeking professional help after a video was published showing him working as the chairman of a high street bank discussing a deal to buy large amounts of dangerous ‘derivatives’ from another banker.

The video footage showed ketamine and crack cocaine user Paul Flowers secretly wearing a pin-striped suit, counting out £30,000 in cash in bonuses and asking if he could also get hold of a dangerous drug used by hard core bankers known as ‘hedge fund leverages’.

The Mail on Sunday said a friend of Flowers handed over the footage after becoming “disgusted by the hypocrisy” of a man who lived a Jeckyll and Hide existence – posing by night as an average, respectable drug addict but by day working as a hard-core banker buying and selling dangerous high street banking services to his quite often desperate customers, the Mail on Sunday said.

After being confronted with the material, Flowers, 63, admitted to having once chaired the Co-operative Bank but he claimed he no longer had a banking habit after seeking professional assistance to help him kick his addiction to habitual use of dangerous financial instruments.


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