Skip to main content

New Natwest boss worked for oil firm under investigation in ‘world’s biggest financial scandal’

Exclusive: Rick Haythornthwaite was paid £200,000 a year by Saudi company, PetroSaudi, involved in 1MDB scandal

Read more: The NatWest boss, the missing Malaysian millions and the damning email

The new chairman of NatWest is facing scrutiny over his former role with international oil group PetroSaudi, which is embroiled in one of the world’s biggest financial scandals.

City veteran and former MasterCard boss Rick Haythornthwaite worked for PetroSaudi International (UK) Ltd, the oil group’s British arm, for eight years, earning £200,000 a year.

Continue reading...

from The Guardian https://ift.tt/18pnu59

Comments

Popular posts from this blog

Details of F.B.I.’s Kavanaugh Inquiry Show Its Restricted Range

By MICHAEL D. SHEAR, SHERYL GAY STOLBERG, MAGGIE HABERMAN and MICHAEL S. SCHMIDT from NYT U.S. https://ift.tt/2QhwZyw

The Guardian view on Labour’s difficult year: denial of hard choices is no longer an option | Editorial

All the incentives in Westminster politics militate against confronting difficult issues, but a failing government may as well try honesty The formula for stable government, according to Britain’s constitution, is a big parliamentary majority and divided opposition. Sir Keir Starmer’s predicament proves that those conditions are not sufficient. The prime minister’s inability to convince voters that he has an agenda for national renewal, and the demoralising effect that has had on the Labour party, make a leadership challenge look plausible after local elections next May. Maybe sooner. Continue reading... from The Guardian https://ift.tt/JQljg0U