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The Serious Fraud Office is considering criminal allegations that Royal Bank of Scotland defrauded companies by forcing them into default so it could make a profit. The Financial Times reports the SFO has interviewed former executives of UK businesses affected by RBS’ Restructuring Group, which is responsible for the bank’s riskier loans. The SFO is looking to find out whether RBS behaved within the law and whether it was guilty of bad business practice. This week RBS appointed law firm Clifford Chance to carry out an inquiry into allegations it systematically defrauded companies. The SFO investigation could result in charges against individuals or a corporate conviction. The probe is separate to that of the Tomlinson report, which has been referred to the FCA and Prudential Regulation Authority by business secretary Vince Cable. More: http://www.mortgagestrategy.co.uk/news-and-analysis/politics/sfo-considers-criminal-rbs-probe/2003636.article