Monday 25th November 2013 at 04:05 By David Icke

Business Secretary Vince Cable has passed evidence of Royal Bank of Scotland’s treatment of small businesses to City watchdogs amid allegations that the bank seized assets from firms to benefit its own property empire.

The taxpayer-backed lender is facing a series of damning accusations over its handling of small businesses in a report due to be published tomorrow by businessman Lawrence Tomlinson, who acts as entrepreneur in residence at the Department for Business, Innovation and Skills.

Mr Cable confirmed he has referred the report to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), as well as RBS and Sir Andrew Large, who is also due to publish his full RBS-commissioned review into small business lending at the group tomorrow.

The bank, which is 80 per cent owned by the state, faces further allegations of mistreatment by small firms following a two-month investigation by The Sunday Times, which claims to have uncovered evidence of a ‘hit squad’ within RBS that has driven businesses into financial difficulty through punitive fees and charges and then scooped up their property assets at rock-bottom prices.’

Read more: Now RBS is accused of deliberately shutting down small businesses to build its OWN property empire