Two greedy RBS bankers who used their jobs to run £3million property fraud escape jail because judge says THEY ‘have suffered’

  • Andrew Ratnage, 50, and his boss Raymond Pask, 54, guilty of scam
  • Pair set up fake companies and used relatives’ names to get mortgages 
  • Bankers borrowed £3m and bought five homes in London, Kent and Essex 
  • All the cash came from their own bank NatWest, which is owned by RBS 
  • Judge spared them jail because they ‘suffered’ and were ’embarrassed’ 

Two ‘greedy’ Royal Bank of Scotland bankers who masterminded a £3million property fraud were spared jail after a judge decided they had already ‘suffered’ enough.

Andrew Ratnage, 50, and his boss Raymond Pask, 54, were both earning more than £100,000-a- year but wanted to make more money using a mortgage scam.

Together they set up a series of fake companies in the name of Pask’s family and then made applications for loans to ‘tart’ up homes and sell them at a profit.

The bankers, who were based at NatWest’s office in Romford, Essex, a bank owned by RBS, then fraudulently borrowed just under £3million over five years

Read more: http://www.dailymail.co.uk/news/article-2851703/Two-greedy-RBS-bankers-used-jobs-run-3million-property-fraud-escape-jail-judge-says-suffered.html#ixzz3KQpilXHa

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