Royal British Bank
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The Royal British Bank was a British joint-stock bank established with a Royal Charter in 1849 and collapsed in 1856 causing a scandal.
In 1858, the eight directors — including John McGregor, the Member of Parliament for Sandwich — were put on trial for fraud in the Court of Queen's Bench before the Lord Chief Justice, Lord Campbell. On the first day of the trial, the Prince of Wales attended and sat on the bench next to the Lord Chief Justice. The defendants were charged with conspiracy.
The jury found each of the defendants guilty of the charges and they were imprisoned for terms ranging from 3 months to 1 year.
[edit] References
- Annual Register 1858, 330–339. Retrieved on 2008-03-02.
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