Nigel Farage says Coutts has supplied to reinstate his financial institution accounts

Jul 31, 2023 at 9:39 PM
Nigel Farage says Coutts has supplied to reinstate his financial institution accounts

Nigel Farage has mentioned Coutts has supplied to reinstate his private and enterprise accounts.

The former Ukip chief mentioned he was searching for compensation from the personal financial institution.

Mr Farage mentioned “the fight goes on” as he outlined his want for a face-to-face assembly with the financial institution’s bosses in a bid to know what number of different folks had been affected by account closures.

The former MEP claimed his bank account was unfairly shut down by Coutts, owned by NatWest Group, as a result of it didn’t agree along with his political beliefs.

NatWest has since introduced an impartial overview, with legal professionals probing the closure of Mr Farage’s account and different cases of de-banking by Coutts.

Speaking on his GB News programme, Mr Farage mentioned: “The new chief executive of Coutts, Mo Syed, somebody who has held very senior positions within that bank, is now the boss and he has written to me to say I can keep both my personal and my business accounts.

“And that is good and I thank him for it.”

Coutts has not publicly confirmed that Mr Syed is the brand new chief government.

But Mr Farage mentioned “enormous harm” has been performed to him in the previous couple of months.

Read extra:
Key points from Coutts dossier on Farage
What are PEPs and can banks close their accounts?

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Farage: ’10 banks turned me down’

Farage seeks compensation

Mr Farage added: “It has taken up a huge amount of my time and it has cost me, so far, quite a lot of money in legal fees so I have today sent a legal litigation letter to Coutts where I want some full apologies, I want some compensation for my costs, but – more important than all of that – I want a face-to-face meeting with the bank’s bosses.

“I wish to learn the way many different folks in Coutts or NatWest have had accounts closed due to their political views, and I wish to be certain that this by no means occurs to anyone else ever once more.

“So the fight goes on.”

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Former Ukip chief campaigns to deal with account closures

The media storm round Mr Farage’s account closure led to the resignation of NatWest chief executive Dame Alison Rose after she admitted being the supply behind an incorrect BBC story about Mr Farage’s Coutts account, adopted by Coutts boss Peter Flavel.

Mr Farage has launched a campaign to tackle account closures, which has obtained help from ministers and Tory MPs.