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Former Co-operative Bank chairman Paul Flowers has been charged with fraud.
The 73-year-old has been charged with one count of fraud by abuse of position between June 2016 and October 2017.
Mr Flowers, who is a former Methodist minister and was previously a Labour councillor in Rochdale and Bradford, was in charge of the Manchester-based bank between 2010 and 2013.
The Crown Prosecution Service said he was due to appear at Manchester Magistrates' Court on 30 August.
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