Bank accused of misdirecting attention from lawyer’s true findings By Ian Fraser Sunday 20 April 2014
RBS has been accused of using diversionary tactics by Lawrence Tomlinson, an adviser to Vince Cable, after a report into accusations of malpractice by the bank.
Tomlinson told the Sunday Herald the substance of the RBS report, conducted by lawyers Clifford Chance, corroborates many of his findings about the bank’s Global Restructuring Group (GRG), which is accused of deliberately undermining viable client companies.
He took issue with the bank’s claim it had been “cleared of fraud”, which it said was Tomlinson’s “central allegation” in his report to the Business Secretary last November. The entrepreneur said he had never accused RBS of fraud, a word not mentioned in his original report.