Bankers arrested in tax probe

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People walk past a Royal Bank of Scotland (RBS) building in the City of London January 12, 2012. REUTERS/Stefan Wermuth

People walk past a Royal Bank of Scotland (RBS) building in the City of London January 12, 2012.

Credit: Reuters/Stefan Wermuth

LONDON | Sun Feb 12, 2012 11:15am GMT

LONDON (Reuters) - Several British bankers have been arrested as part of an investigation into alleged tax-related criminal offences, the country's customs and revenue service said on Sunday, including some from Royal Bank of Scotland.

"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," Her Majesty's Revenue & Customs (HMRC) department said in a statement.

"This investigation relates to the actions of the people arrested in relation to their own financial affairs and is not connected to the business activities of the banks," it added.

The arrests come as Britain's top banks are under attack from politicians over paying large salaries and bonuses while the rest of the country suffers in the UK's faltering economy, and for not lending enough to businesses.

The department did not identify the bankers nor the companies they worked for. The Sunday Telegraph newspaper said four current and one former member of Royal Bank of Scotland had been arrested as part of the probe.

An RBS spokeswoman told Reuters: "We cannot comment on an ongoing investigation but are fully co-operating with HMRC."

Last month, the chief executive and chairman of RBS, which is 83 percent owned by the British government after a state bailout during the 2008 credit crisis, gave up their million pound bonus packages following public anger.

(Reporting by Sudip Kar-Gupta; Editing by Erica Billingham)

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Comments (3)
bjhb wrote:
o yea the banks have been ripping us off, how long did it take to work that one off

Feb 12, 2012 5:15pm GMT  --  Report as abuse
bjhb wrote:
Not only have we bailed the banks out, we now have to re-financed them and pay the bonus, when is someone going to take a grip

Feb 12, 2012 5:48pm GMT  --  Report as abuse
England13 wrote:
bjhb: you forgot to mention what this story is all about!
Ie the bankers not only paying themselves huge bonuses (from the govt bailouts) but then not declaring all their earnings to HMRC and therefore getting away with not paying all their personal tax due! Ie they are ripping-off the country left right and centre!
This thieving sc3m, make used-car salesmen look like Mother Teresa!

Feb 12, 2012 9:51pm GMT  --  Report as abuse
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