Police in Scotland are looking into allegations a controversial division of Royal Bank of Scotland (RBS), set up to restore struggling companies to health, broke the law in its dealings with them.
More than 90% of the firms put into RBS’ Global Restructuring Group (GRG), established after the financial crisis, are understood to have suffered “inappropriate action” against them by the bank, according to a Financial Conduct Authority (FCA) report leaked in August.
Police Scotland says it is a scoping exercise that has been under way for several months, rather than an investigation, but they are assessing the allegations for criminality.
In a statement, the force said: “Police Scotland can confirm that they have received …
Read the full article at: http://news.sky.com/story/rbs-restructuring-unit-probed-over-claims-it-profited-from-stricken-firms-11090268