Nigel Farage, the leader of Reform UK, is contemplating filing criminal charges against the Natwest banking group for what he describes as “debanking” him. Reports indicate that Farage views this issue as “unfinished business.” The consideration of legal action follows a significant controversy that erupted in June 2023 when Coutts, a private bank that is part of the Natwest Group and ranks as the eighth oldest bank globally, closed Farage’s account.

The bank’s decision was publicly justified on the grounds that Farage did not meet eligibility criteria once his mortgage expired. However, it has since emerged that Coutts had prepared a 40-page dossier detailing their concerns about the reputational risks associated with being linked to Farage. This report claimed that Farage’s views were incompatible with the bank’s positioning as an inclusive institution. The file included references to Farage’s retweet of a joke by Ricky Gervais and his friendship with tennis star Novak Djokovic, which were cited to portray him as potentially “xenophobic and racist.”

The incident prompted significant fallout in the banking sector. Dame Alison Rose, the then-CEO of NatWest, resigned after admitting that she had discussed the specifics of Farage’s banking situation with a journalist from the BBC. In her conversation with the media outlet, she inaccurately stated that Farage’s accounts were closed due to insufficient funds. Following the wave of scrutiny, she extended an apology to Farage, and the bank subsequently made an effort to reinstate his account. Peter Flavel, the former CEO of Coutts, also stepped down, acknowledging that the bank’s treatment of Farage did not meet their standards of personal service.

In a recent interview with Sky News, Farage confirmed that he has sought legal counsel to examine the feasibility of pursuing a private criminal case against Natwest, stating, “This is unfinished business.” His legal representation, Grosvenor Law, has begun investigating potential criminal implications of the bank’s actions. Dan Morrison, a partner at the firm, added that Farage is “concerned about possible criminal issues arising out of the bank’s conduct” and mentioned that they have taken the step to instruct leading criminal counsel but declined to provide specific details at this time.

In response to the ongoing legal considerations, a spokesperson for NatWest Group indicated that the bank does not comment on matters concerning individual customers. As the investigation unfolds, it continues to highlight the complexities associated with issues of banking, reputation, and the political landscape in the UK.

Source: Noah Wire Services