Farage plans private prosecution against NatWest over debanking scandal

Nigel Farage is considering private criminal proceedings against NatWest Group in relation to the 2023 debanking scandal that led to the resignation of former CEO Dame Alison Rose. Farage has engaged Grosvenor Law to advise on potential grounds for a criminal case, alleging that his account with the NatWest-owned Coutts was closed due to political rather than commercial reasons. The controversy intensified when evidence emerged suggesting that Farage's political views influenced the bank's decision. As NatWest prepares to announce its annual results, Farage stated, 'This is unfinished business,' indicating his commitment to pursuing the matter further. Grosvenor Law has instructed barrister Chris Daw KC to explore these legal avenues, while NatWest has acknowledged failings in its handling of Farage's case. The outcome of this legal pursuit could have significant implications for the bank and its governance.