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Taxpayers to foot Royal Bank of Scotland's £103m legal bill

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IBTimes: Taxpayers to foot Royal Bank of Scotland's £103m legal bill



Taxpayers may have to pay up to £103m ($134m) to cover the legal costs of former bosses of Royal Bank of Scotland, who are being sued for allegedly misleading investors.

Around 30,000 investors are claiming £4bn in damages from RBS, plus another £2bn in interest and legal fees, over allegations that the bank deliberately concealed the extent of its financial woes when it raised money from them in April 2008.

Do tax payers have a right to know who are these investors and who are these solicitors?


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