RIBA investigated by fraud squad

RIBA's 66 Portland Place headquarters

Presidential hopeful Owusu made complaint over ‘missing £1.1m’

The fraud squad is investigating the RIBA over a complaint made by one of the people hoping to be its next president.

Elsie Owusu accused the institute of mislaying £1.1m of members’ funds. Her complaint relates to a loan taken out in 2013 to lease and refurbish 76 Portland Place as offices for its staff.

The City of London Police confirmed the complaint was now being assessed by its National Fraud Intelligence Bureau.

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