Fred Goodwin set for court grilling

RBS building

Shamed former Royal Bank of Scotland boss Fred Goodwin faces being interrogated by lawyers in a $5.8bn court action brought by angry shareholders.

The Daily Express reports that Goodwin has been included in a list of witnesses expected to be called to defend the Edinburgh institution from the compensation claim over a $17.4bn share sale.

The RBS Action Group, representing around 12,500 shareholders and institutions, is suing RBS, claiming they were misled into buying at the time.

Six months after the 2008 capital raising, RBS had to be bailed out by the Government with $66.6bn of public money.

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

Fred Goodwin set for a grilling in court as RBS is sued

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