TV presenter Noel Edmonds is demanding £50m compensation following the HBOS banking scandal.

The former host of Deal or No Deal explained in a letter to the chief executive of Lloyds Banking Group how the ordeal caused him to suffer 'immense economic loss'.

Six people were jailed in February after the scandal came to light, but Edmonds, 68, says it has damaged his reputation.

The letter reads: “These individuals were fraudsters whose corrupt activities also resulted in losses to my client of tens of millions of pounds, along with his suffering deep distress and public humiliation.”

Lloyds has a reserve of £100m in compensation fees to pay the victims of the HBOS Reading fraud.

Former banker Mark Dobson, was sentenced to four-and-a-half years in prison following the scandal, with a total of £245m swindled through fraudulent loans.

A jury heard in February how the six men spent the fortune on expensive holidays and parties with sex workers, before being slapped with a collective 47-year sentence.

However, it is likely this sum will need to be increased if the veteran TV personality is successful in his claim against the bank.

Jonathan Coad , representing Edmonds, told The Guardian: “Noel has waited 10 years to see justice done after his business empire was brought down by Mr Dobson’s fraud."

Fraudulent activities affecting Edmonds occurred between 2003 and 2007.

An investigation has been launched to see if Lloyds looked into the matter before absorbing HBOS.