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SNP crony row as boss of failed resort buys it back on cheap

By Ian Fraser and Michael Tait Published: The Mail on Sunday Date: February 22nd, 2010 AN SNP donor whose ski resort went bust owing the taxpayer millions of pounds has been allowed to buy it back in a cut-price deal. The Aviemore complex, which was jointly owned by Nationalist supporter Donald Macdonald, collapsed last summer. […]

February 21st, 2010 | Posted in Article Library,Investigations,Latest Articles | Read More »

Lloyds rights issue may get banking moving again … but is it a sound investment?

By Ian Fraser Published: Sunday Herald Date: November 8th, 2009 The way some newspapers presented it, one might have thought that last Tuesday’s bank bail-out measures were a glorious victory. Plucky British bankers and politicians had taken on Neelie Kroes and those meddling bureaucrats of Brussels and won, ensuring that great British institutions such as […]

November 8th, 2009 | Posted in Article Library,Investigations,Latest Articles | Read More »

The unanswered questions around the emergency HBOS cash call

By Ian Fraser Published: Independent on Sunday Date: November 8th, 2009 Just four months before its humiliating collapse into the arms of Lloyds, the bank’s chairman assured shareholders that it had sufficient funds for at least a year. How could he have got it so wrong? Ian Fraser reports Lord Stevenson of Coddenham, the chairman […]

November 8th, 2009 | Posted in Article Library,Investigations,Latest Articles | Read More »

Inquiry asks if HBOS misled over rights issue

By Ian Fraser and Margareta Pagano Published: Independent on Sunday Date: November 8th, 2009 A Financial Services Authority investigation into whether HBOS’s former board may have misled investors at the time of the bank’s abortive £4bn rights issue last year could “open the floodgates” to hundreds of civil court actions against Lloyds Banking Group, which […]

November 8th, 2009 | Posted in Article Library,Investigations,Latest Articles | Read More »

McFall’s committee ‘ignored FSA’s complicity in crisis’

October 10th, 2009 How effective has the Treasury Select Committee, chaired by John McFall MP for the past ten years, been in holding the government and the Financial Services Authority to account? Not very, according to Graham Senior-Milne, a former auditor and whistleblower at Scottish Widows and Lloyds TSB, who alerted his employer, the authorities […]

October 10th, 2009 | Posted in Blog,Investigations | Read More »

Director’s deal sends Ury sale into the rough

By Ian Fraser Published: The Sunday Times Date: September 27th, 2009 Savills are unable to sell the estate after former owner granted agricultural tenancy to one of their own directors The estate agent Savills has had to scrap plans to sell the Ury estate near Stonehaven after it emerged the former owner, FM Developments, had […]

September 27th, 2009 | Posted in Article Library,Investigations,Latest Articles | Read More »

Parkmead bank in false market claim

By Ian Fraser Published: The Sunday Times Date: July 19th, 2009 A company that numbers Tom Cross, chief executive of Dana Petroleum, and Brian Wilson, the former energy minister (pictured left), among its non-executive directors has come under fire for creating “false market” in its own shares after putting misleading information into the market. Ken […]

July 19th, 2009 | Posted in Article Library,Investigations,Latest Articles | Read More »

Property’s wannabees confronted by harsh economic realities

June 14th, 2009 Kilmartin’s development for Radisson, which opened as Hotel Missoni in June 2009; image courtesy of Picturerama – A visual blog LLOYDS BANKING GROUP is seeking a radical restructuring of one of Scotland’s largest property developers, Kilmartin Holdings amid fears the group may plunge into administration. Bank of Scotland has lent a total […]

June 14th, 2009 | Posted in Blog,Investigations | Read More »

Fears for Kilmartin as Lloyds cracks down on debt

By Ian Fraser Published: The Sunday Times Date: June 14th, 2009 Lloyds Banking Group is seeking a radical restructuring of one of Scotland’s largest property developers, Kilmartin Holdings, amid fears that the group may go into administration. Bank of Scotland has lent £250m to Edinburgh-based Kilmartin, founded by Iain Wotherspoon in 1996. Results published on […]

June 14th, 2009 | Posted in Article Library,Investigations,Latest Articles | Read More »

Why did HBOS make risky loans?

By Ian Fraser Published: BBC News website Date: May 27th, 2009 A BBC News investigation has uncovered reckless lending at HBOS Corporate and some irregular loans at its ‘high risk’ unit in a regional office. Financial journalist Ian Fraser hears from former insiders about the inadequate safeguards which left the bank open to huge losses. […]

May 27th, 2009 | Posted in Article Library,Investigations,Latest Articles | Read More »