LONDON (AP) — British tax authorities said Sunday that four current and one former member of staff at the Royal Bank of Scotland had been arrested in an investigation into alleged tax fraud.
Her Majesty’s Revenue and Customs said that the five suspects were arrested at their homes in London and southern England on Wednesday. None of those arrested has been identified.
Authorities said the inquiry was in connection with the personal financial affairs of the suspects and and unrelated to the bank’s work.
The British government owns 82 percent of the Edinburgh, Scotland-based bank. It was rescued during the credit crisis of 2008 with 45 billion pounds ($72 billion) of taxpayers’ money.
Last month the bank’s chief executive Stephen Hester turned down his million-pound ($1.6 million) annual bonus under intense political pressure.
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