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Coutts backtracks on inaccurate claims in debanking dispute with shipping executive

Oct 30, 2026 07:00 (8h ago)

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Coutts admitted inaccurate claims in its dispute with Philip Adkins.
Coutts incorrectly recorded Adkins’s wealth as £62 million and described assets he denied owning.
Coutts froze Adkins’s accounts in 2024, while UK and US authorities sanctioned connected entities.