as documented by Ian Fraser, being picked up and run with by bloggers of left and right ? Fraser has loads of stuff - absolutely top grade journalism.
In the light of the many dodgy dealings of BoS staff, the unsolved murder of business manager Alistair Wilson raises unpleasant possibilities. Maybe the police need forensic accountants rather than DNA samples.
Here's the One Voice group for the victims of one set of frauds - Vavasseur.
The almost unbelieveable - but true - story of BoS executive Lynden Scourfield and BoS Reading is here. The basic modus operandi seems to be
a) a company (in all innocence) approaches BoS Reading branch for help
b) BoS recommend firms use 'turnaround consultants' Quayside Corporate Services, or else appoint Quayside personnel onto their boards as directors. Threats to withdraw lending if firms are reluctant to accept this advice.
c) once the nominees are in place, BoS hand over large loans.
d) nominees extract as much cash as possible while driving the businesses into bankruptcy, often picking up the distressed assets themselves at firesale prices. Small business owners lose everything.
You couldn't make this up. The FSA stinks to high heaven for its failure to nail the perpetrators.
Apparently the Reading branch of the Bank of Scotland is "with you all the way". But they never said where to.
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