Mr Michael Dolan

By e-mail: [FOI #24803 email]

Dear Mr Dolan,

I am responding on behalf of UK Financial Investments to your Freedom of Information Request. You requested information on the numberof legal proceedings have been initiated in the UK by RBS Invoice Finance Ltd against officers (actual or shadow) and/or employees (former or current) to recover loss or damages sustained in consequence of fraud or misrepresentation during each of the least three years including 2009 to date. You also asked, of these legal proceedings, what has been the cost to RBS Invoice Finance Ltd of fees paid to third parties, including lawyers and accountants and what is the sum actually recovered to date (actual as opposed to the sum of Judgments)during each of the least three years including 2009 to date.

Following a search of our records, I can confirm that we do not hold the information you requested.

UKFI has been set up to manage the Government's investments in financial institutions as an active and engaged shareholder, operating on a commercial basis and at arm's length from Government. In this context, UK Financial Investments does not hold information on personal or corporate financial arrangements with its investee companies, or on individual products offered by or commercial decisions taken by its investee companies. You may find the following email address from the RBS website helpful: [email address].

Yours sincerely,

Mandeep Dhillon

UK Financial Investments

Your Rights to Complain under the FOI Act

If you are unhappy with the service you have received in relation to your request and wish to make a complaint or request an review of our decision, you should write within two months of the date of this letter to UK Financial Investments, G/08, 1 Horse Guard Road, London SW1A 2HQ. email - [email address]

If you are not content with the outcome your complaint, you may apply directly to the Information Commissioner for a decision. Generally, the ICO cannot make a decision unless you have exhausted the complaints procedure provided by the Treasury. The Information Commissioner can be contacted at: The Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 5AF.

2