Crime Solicitors

The Royal Bank of Scotland (RBS) is being investigated by the Serious Fraud Office (SFO), after some business owners alleged the bank deliberately asset stripped their companies, selling off assets to companies linked to the bank at favourable prices.

It is alleged RBS deliberately engineered defaults on the accounts of struggling companies and then moved them to the bank’s Global Reconstruction Group, where high fees and interest rates were imposed before company assets were seized and sold for below market prices.

It is also alleged that companies who benefited from the asset stripping process were either directly or indirectly linked to RBS in a deliberate policy of
asset stripping small companies for profit, sending some small business owners into bankruptcy so that the bank could profit.

A second inquiry into potential wrongdoing at RBS will also be conducted by the City of London Police.

One of the victims of the bank’s alleged wrongdoing approached the police with a file of information relating to how he claimed his own company had been asset-stripped.

The chief executive of RBS, Ross McEwen, has made a pledge to investigate “fully” the allegations of wrongdoing at the bank. He has offered to share the findings of an internal review with the two inquiries, as well as the Financial Conduct Authority (FCA).

RBS received a government bailout of £46 billion of taxpayers’ money during the credit crunch which followed the 2008 banking crisis.

Legal Advice for Fraud

Duncan Lewis is a leading firm of crime solicitors and our fraud team can advise companies and individuals who suspect serious fraud – or anyone who has been accused of fraud.

Cases Duncan Lewis fraud solicitors handle include:

Legal advice for individual fraud cases
• Advanced fee fraud
• Passport fraud
• ID fraud
• Investment fraud (eg Ponzi, Boiler Room and Recovery Room schemes).

Legal advice for public sector fraud
• Benefit fraud
• Tax fraud
• HM Customs & Revenue fraud
• Claiming public funding fraud (eg Legal Aid fraud).

Duncan Lewis fraud solicitors can also advise on
• Corruption
• Identity theft
• False bank accounts
• Computer Hacking.

Contact Duncan Lewis fraud solicitors on 020 7923 4020 for expert legal advice on fraud – or 07920 077057 for urgent fraud legal advice.