Key facts
- Royal Bank of Scotland is facing a lawsuit seeking over £250 million.
- The lawsuit is related to the collapse of Rockfire Group.
- Liquidators allege RBS processed unauthorized payments.
- The payments allegedly benefited businessman Liam Kavanagh.
- Liam Kavanagh controlled Rockfire Group.
- The funds were allegedly not used for solar farm projects for Thurrock Council.
- RBS is a subsidiary of Natwest.
Royal Bank of Scotland (RBS), a subsidiary of Natwest, faces a lawsuit demanding over £250 million. The legal action stems from the collapse of Rockfire Group and alleges RBS's involvement in processing unauthorized payments. Liquidators contend that these payments benefited Liam Kavanagh, the businessman who controlled Rockfire Group, rather than being used for the intended solar farm projects for Thurrock Council.
