Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Companies

Royal Bank of Scotland Accused of Fraud and Forgery

February 16, 2017

Financialish.com is unsure if the following article is simply ‘sour grapes’ from an ex-employee who now seeks ‘whistleblower’ status.

 

Royal Bank of Scotland has been accused of fraud and forgery by an ex-employee and former customers. Mark Wright, who worked at NatWest and remained there after it was taken over by RBS, told the BBC that 2 of his colleagues at RBS had fabricated complaints and alleged they were from 5 of his customers. Wright's 5 customers later gave statements contradicting the fake complaints, and the accused staff left the bank.

 

According to Wright, RBS failed to properly investigate the complaints, and did not afford him whistle-blower status.

A spokesperson for the bank told the BBC that Wright's concerns had been thoroughly investigated and responded to, and denied that any systematic document tampering had gone on at the bank.

 

Meanwhile, the BBC also reported a number of former RBS customers have alleged that the bank forged documents relating to transactions and loan agreements. The bank denied these allegations, as well.