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It was claimed that First National staff took kick-backs in return for placing orders with a major IT supplier. However, the allegations, made by a former member of First National's IT department, were unfounded and not based on any evidence, an investigation by Abbey National Group found.
A spokesman for Abbey National said it had passed on the findings of its investigation to the Metropolitan Police who now regarded the matter as closed.
The allegations, made two years ago, were first examined by First National, which also found no evidence to support them.