Fred Goodwin told to disclose email 'treasure trove'

Wanted Fred Goodwin

Fred Goodwin has been told to disclose personal emails he sent in the run-up to Royal Bank of Scotland’s 2008 rights issue, as part of a £4bn court case.

The Daily Telegraph reports that the bank’s former chief executive, who lost his knighthood over the bank’s collapse, is among a number of ex-directors who will have to reveal the private email accounts used to discuss the controversial share sale.

The RBS Action Group, a collection of around 12,500 shareholders and institutions, is suing the bank and its former directors, claiming they were misled into buying into the £12bn ($17.8bn) share sale.

One member of the group said the emails could be a 'treasure trove' of information about what was going on at RBS ahead of the rights issue in June 2008, just months before the taxpayer had to step in with a £45bn ($66.7bn) capital injection that left the bank in state hands, where it remains.

To access the complete Daily Telegraph article hit the link below:

Fred Goodwin told to hand over private emails in Royal Bank of Scotland lawsuit

RBS raises the size of its Citizens share sale

 

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