Comments on: Examining HBOS

By: Board’s role ‘off limits’ in police probe of alleged £1bn HBOS fraud « naked capitalism

Sun, 17 Jul 2011 09:12:32 +0000

[...] put into administration. The suspects, which include numerous Quayside consultants, then allegedly expropriated physical assets worth scores of millions and, in administration deals from April 2007, were [...]

By: The £1bn-plus HBOS Fraud Investigation That Lloyds Keeps Trying to Brush Under the Carpet « naked capitalism

Thu, 03 Mar 2011 18:55:30 +0000

[...] have explored the story in greater detail in my blog and in UK newspapers including The Guardian and The Herald but given the craven nature of most UK [...]

By: business ethics cases

business ethics cases — Thu, 04 Mar 2010 10:19:04 +0000

business ethics cases…

Thank you ,Thursday read your great Ian Fraser – Business and Financial Journalist Ian Fraser … blog ,your blog have a lot of very important knowledge and information for business ethics cases ….

By: John G Smith

John G Smith — Mon, 30 Nov 2009 15:10:20 +0000

This is all new stuff to me. I was copied in from the latest article on my website re the credit crunch aftermath. Being really cynical, it could of course be a side-reason for the merger rather than a factor against it. Now we have Dubai as a further possible “sandstorm” and reason for Lloyds share falling below the theoretical after-rights price. Can anyone give more info on Sandstone and the off-balance sheet speculation?

By: nintendost

nintendost — Tue, 17 Nov 2009 06:08:28 +0000

Article very interesting, I will necessarily add it in the selected works and I will visit this site

By: Ian G

Ian G — Mon, 09 Nov 2009 20:31:47 +0000

This is really great writing / journalism – amazing not to read this in the nationals.

By: Mark

Mark — Tue, 13 Oct 2009 22:40:40 +0000

I am very interested in this report because I have had business dealings with one of the administrators mentioned, Simon Glyn of Vantis. If Ian, or any of those who have commented on the piece who seem to have personal knowledge of the situations and people concerned has any specific information about Mr Glyn’s conduct as an insolvency practitioner that they would be willing to share, I should be grateful if they would contact me – markbishopuk at gmail.com.

By: A Grieved

A Grieved — Sun, 12 Jul 2009 17:33:34 +0000

Myself and my companies are victims of corruption involving one of the joint administrators of a failed bank. The abuses are as blatant as they are well evidenced. We suspect what we have uncovered, and are about to expose, is merely the “thin end of the wedge”. There is seemingly no end to the number of people who are seeking to profit from other people’s misery, and no apparent limit on the seniority of people who are willing to stoop so low in order to further feather their own nests and those of their families. Scandalous!

An what did the FSA have to say about the allegations….”Ah…well….we can’t get involved in that, Administrator’s are not really regulated … you should try the Institute of Chartered Accountants”, or words to that effect. Probably more scandalous!

By: Peter Wight

Peter Wight — Wed, 17 Jun 2009 20:21:20 +0000

Some of the auditors and administrators reports related to this scandal beggar belief, and not just in what was left out. It’s also interesting to note that the same administrators crop up time and time again. And I don’t just mean the firms; it’s also the same individual practitioners. I hope that if the FSA can be bothered to investigate the scandal, they will take a close look at the role of these administrators’ and scrutinise their reports, and also examine the role of auditors Brett Adams and solicitors Burges Salmon who are also all over this like a rash.

By: Ian Fraser

Ian Fraser — Sat, 13 Jun 2009 09:14:18 +0000

Well said Peter. The worlds of business and finance need more people like yourself who are prepared to speak out against this sort of obscene behaviour. What’s beginning to bother me about HBOS is: where were the auditors KPMG all the while? They presumably thought everything that was going within the bank was tickety boo, did they?