by: Jeremy Hodges | Bloomberg

Associated Newspapers Ltd. must pay a former director at the Bank of Scotland Plc 60,000 pounds ($95,000) in damages in a U.K. libel judgment after publishing articles claiming the man committed perjury and was part of a criminal conspiracy to defraud banks.

The two articles, published in the company’s Mail on Sunday newspaper, caused Irfan Qadir “distress and embarrassment,” Christopher Hutchings, his lawyer, said in a written statement filed at London’s High Court.