RBS nails behind money feared lost in jot down bank fraud

MILLIONS of pounds feared lost in Scotlands greatest ever bank rascal have been clawed back, it emerged today. Royal Bank of Scotland bosses are supposed to have recovered the "vast majority" of the income well well known to be blank from the �21 million rascal carried out by brute Edinburgh bend physical education instructor Donald Mackenzie.Specialist investigators were tasked with tracing the supports lent to commercial operation as piece of the fake intrigue operated by Mackenzie, who was expelled from jail last year.The bank is believed to have supposed full repayments from these customers, or incited the income lent by their locked up worker in to normal loans.But the Evening News understands that at slightest dual Lothian businesses went broke after carrying to compensate off RBS for the income loaned to them by Mackenzie, who ran the banks flagship Princes Street branch.Less than �50,000 is well well known to be classed as "outstanding", nonetheless in a little cases it is believed that the bank had to accept less than the full volume from those who perceived the loans.Some firms forced to compensate off their loans have complained that RBS in jeopardy them with authorised movement if they unsuccessful to comply.One businessman, who has paid behind the loan organised by Mackenzie, said: "I was left really indignant and sour towards the bank, that was really uncompromising. "I was in jeopardy with writs and it felt similar to the bank longed for to get the bruise of flesh. I had to compensate all the seductiveness that had accrued on the loan too. I had no thought what Donald Mackenzie was you do and unwittingly took the loan in great faith. I felt I was being punished for the actions of the banks employee."Bank chiefs have right away sealed their review in to the blank funds, whilst rascal patrol detectives from Lothian and Borders Police have additionally finished their inquiry. An RBS orator said: "We are no longer questioning the matter. However, there are a little unused authorised issues that we are progressing."Mackenzie – who was declared RBS commercial operation physical education instructor of the year 3 years in a row – set up fake loans value �21m over a five-year period.Following his jailing in 2006, it was supposed that in between �4m and �10m remained missing.The predestine of the blank millions led to rumours that the income had been energetic abroad, together with one idea that most of the income had been invested in chalets in the up-market Val-d"Isere ski review in the French Alps.Mackenzie, 48, is supposed to be still vital at the Belgrave Gardens residence in Corstorphine he common with his wife, Margaret. When the Evening News contacted the home, a lady pronounced Mackenzie was "not home" and they did not instruct to comment.Mackenzie was expelled from jail last Oct after portion 3 years for the fraud, and has given seen his bid to turn an optician knocked behind by the General Optical Council (GOC).Mackenzie pleaded guilty to embezzling the �21m, carrying accessed the income by the banks loan complement by environment up fake accounts in the names of doubtful authenticity customers.In 2007, he was systematic to compensate behind �63,000 he done in increasing bank bonuses.