RIBA president Ben Derbyshire has welcomed the news that the police have closed their investigation into fraud allegations made by his would-be successor Elsie Owusu.

The fraud squad has concluded that the complaint – that the institute mislaid £1.1m of members’ funds – was a civil matter and has dropped the case.

A City of London Police spokeswoman said: “This was reviewed by the National Fraud Intelligence Bureau and it is considered to be a civil matter. For this reason it will not be sent to a police force to be investigated.”

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