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Investor seeks to force accountability at Lloyds Banking Group

In Blog by Ian Fraser0 Comments

14th April 2015 Lloyds Banking Group shareholder Michael Page may be about to force some accountability, and perhaps even a degree of honesty, at the state-rescued bank in which he owns a stake. In doing so Page — whose Guernsey-based aircraft leasing business was left massively out of pocket following the collapse of the scandal-plagued, and HBOS-backed, aviation …

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Banking’s Abu Ghraib

In Blog by Ian Fraser11 Comments

3 October 2010 A fourth person has been arrested in relation to Thames Valley Police’s Operation Hornet investigation into “corruption and large-scale fraud in connection with HBOS”. [Note: comments on this post have been disabled and earlier comments from witnesses removed as a result of police investigation “Operation Hornet”. Ian …

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Is BGC Partners being entirely honest about its Mint deal?

In Blog by Ian Fraser5 Comments

11 September 2010 David Mills, the founder of Core Enterprise Management and Quayside Corporate Services, is a past master of prepackaged administrations and corporate phoenixings. It therefore came as no surprise when I learnt today that a company where Mills was chairman, London-based interdealer broker Mint Partners, went into administration …

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Bust air firm may provide key to HBOS controls failures

In Blog by Ian Fraser4 Comments

28 August 2010 [Editorial Note: This article was written in June 2010 but has not previously been published in its entirety. An edited version was published in The Sunday Times on June 27th, 2010] Directors of an aviation business that crash landed owing HBOS £113 million in September 2007 were allowed …

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The ten firms that are having to do without David Mills

In Blog by Ian Fraser5 Comments

27 August 2010 The founder and owner of Quayside Corporate Services — a self-styled turnaround consultancy that was pivotal to the Bank of Scotland Reading scandal — has lately been stepping down from a surprising number of boards. In June David Mills, 53, quit the board of Cardiff-based revolving credit company …

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Bust air firm bought for £7

In Article Library by Ian Fraser2 Comments

By Ian Fraser Published: The Sunday Times Date: 27 June 2010 Buy-back deal allows Corporate Jet Service directors to avoid millions of pounds of debt to unsecured creditors Directors of an aviation business that went bust owing HBOS £113m were able to buy it back from the administrators for an …

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Examining HBOS

In Blog by Ian Fraser15 Comments

3 November 2009 (first published 9 June 2009) [Note: comments on this post have been disabled and earlier comments from witnesses have been removed as a result of the current Thames Valley Police and Serious Organised Crime Agency investigation and expected trial. Ian Fraser, January 5th, 2011. Minor edits on …