From Ian Fraser Blog
''Yesterday, another shareholder stood up at the Royal Bank of Scotland’s annual general meeting and made some serious and credible* allegations of “systemic institutionalised fraud” inside the Edinburgh-based bank.
Neil Mitchell claimed that the wrongdoing has become rampant inside the bank’s multi-billion repository for “distressed assets”, the Global Restructuring Group (GRG), which is overseen by global head of restructuring Derek Sach and also includes West Register, a vast ‘warehouse’ for distressed commercial property assets. Mitchell also accused the bank’s board of acting “like Putin.''
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