The Sovereign Voice ITNJ Commemorative Issue | Page 61
happened at the end of January last year (2017). I think after they’ve had all their companies taken away from
that was the opening of the flood gates. They’d taken them, or their homes……the case will be put off and
rather a long time to open. put off, and there’s a six year statute of limitations
which the bank is well aware of on cases…..and they
What became apparent was that the fraud wasn’t £250
play on that.
million - or £245 - which we prosecuted on. It was
near a billion on this one particular bank. It was an I’ve seen major companies (into the several hundred
interesting fraud. They were defrauding not only the million pounds) that have been removed off people
bank, but their clients at the same time. So I think and they simply are out-lawyered in the courts. I don’t
it was a huge degree of incompetence by the bank. think the courts are remotely supportive, and I think
But it also came out that there were a vast number of we (saw) that in the case we’ve just heard.
other victims from RBS (and Lloyds itself) on a huge
scale….the GRG division…..I don’t know how many The repossessions from Lloyds and RBS are still going
companies with it…...something like 16,000 (I’m not on. I went to see Dame Linda Dobbs, who is doing
absolutely certain of that figure). Only 10% ever got out the internal inquiry of Lloyds, the other day, and as
of GRG. I walked down Deities Street again to see her, I was
rung-up by a lady who was having her property taken
Now you would think if these were toxic companies away as she spoke to me on the phone. The police were
that were collapsing - GRG would be losing money. there, the bailiffs were there, and I couldn’t do anything
They made an enormous profit. The head of it is about it…... there was a Court Order. Do I think
now the chief of Santander, which I personally that Court Order was a fair one, that had been got at
find extraordinary. That was stated in the house of properly? No I don’t for a moment think it had been….
commons by Sir Vince Cable. but there was nothing I could actually do about it at
that stage.
There was an interesting sideline to all of this, that most
police forces do not have the money, or the capacity, I think (and it’s a personal opinion) but I do lead
or the capability to take on fraud cases. When you find on major fraud for the Police Commission in the
yourself legislating or prosecuting a bank - they have country, that something has gone seriously rotten
the smartest London solicitors and unlimited money to in the leadership of some of our major banks at the
spend on their legal cases. (As for) the police, it cost us moment. One staggering thing is that there’s nobody
£7 million. We didn’t get much of that back, we got £2 on the board, I think there is one person on the board
million back from the Treasury, from the Home Office. of our major banks, clearing banks, who’s a qualified
banker. They simply are not qualified bankers. They’re
No private individual can really take a case against the all accountants….or just businessmen….and of course
bank. They will put the case off, they will come up with they’re making absolute millions. And their legal
every problem, and even people who are still well-off expenses are not paid by them, they are paid by their
shareholders.
ITNJ Special Court Seating
Global Financial Corrupton
& Collusion
I.T.N.J