John Banerjee was headhunted to work at Royal Bank of Canada (RBC) as an emerging markets trader at director level in June 2015. Just over a year later he was dismissed. He claims this is because he blew the whistle on a number of failings at the bank – which put senior managers’ noses out of joint – and is now suing the bank for £13 million.
Banerjee describes in his witness statement a firm with “no effective systems and controls, particularly in compliance” and that important issues were “swept under the carpet”.
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