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RBS Sued For £153M Over Carbon Credit Fraud Claims

Law360, London (August 10, 2017, 3:39 PM BST) -- Royal Bank of Scotland PLC is being sued for around £153.4 million ($199 million) by liquidators at accountancy firm Grant Thornton acting on behalf of Bilta U.K. Ltd. and other companies over the bank’s alleged role in a vast carbon trading tax fraud.

Royal Bank of Scotland is facing a £153.4 million suit over its alleged role in a vast carbon trading tax fraud. (AP) The amended claim, submitted to London’s High Court on July 21 and seen by Law360 on Thursday, alleges that two traders...
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