This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
Categories:Regulation

RBS bankers arrested in HMRC tax probe

  • Print
  • Comment

Four bankers from Royal Bank of Scotland have been arrested in a tax fraud investigation, according to reports.

The BBC reports that in addition to the four current RBS employees, one former RBS employee and staff from two other banks have also been arrested.

The arrests were made on Wednesday as part of a three year investigation by HM Revenue & Customs into people suspected of evading tax by using a film finance loophole.

An HMRC spokeswoman told the BBC: “As a result of an ongoing HMRC investigation into tax-related criminal offences, HMRC has arrested a number of people, some of whom work for UK banks.”

She added that the arrests were related to the individuals’ financial affairs, and not related to their work for the bank.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Do you see the value in adviser trade bodies?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments