October 14th, 2011

The Emerging Accounts Mystery

The Times allegations against Adam Werritty and his funders are so explosive because they are so detailed. Not only do they have the £147,000 coming in, but they also have the breakdown of account spending across the world which would imply the paper has seen all of the bank details. Clues to who might have leaked those are littered throughout the story:

“Oliver Hylton, a charity adviser to the head of CQS, a multibillion-pound hedge fund, befriended Mr Werritty through mutual Tory contacts. He became a director of Security Futures, the now defunct defence and energy consultancy that was also established by Mr Werritty, and agreed to become the sole director of Pargav in June last year — a move he acknowledged was “naive”. He came into my office and said I want to set up a new company. It sounds ridiculously naive in hindsight, but I agreed. I signed the documents and nothing more,” Mr Hylton said.”

As Guido reported yesterday CQS have bought in the spinners in order to handle this story and a quick glance over the list of other donors does not point to anyone who would have had the same access to the books. Given that he had a desk there, Werritty would have been in and out of the CQS offices, but it’s the “naive” Mr Hylton who, as the sole director, would have had to sign off said accounts…

UPDATE: Since publishing this post Guido has more and more reason to believe in a collusion between CQS/Hintze/Bell and this Times story. The other explanation is someone blagged the bank accounts of course. Lots of private spooks about…

UPDATE II: Oliver Hylton has been suspended suggesting he was the source of the leak.


  1. 1
    Billy Bowden is the greatest umpire ever ! says:

    Hang him!

    Before or after his trial.

  2. 2
    Anonymous says:

    £147,000? Easily explained! He merely got a 147 break at snooker

  3. 3
    Portaloo says:

    It seem that Mr Werrity is losing friends at an astonishing rate.

  4. 4
    Billy Bowden says:

    I have been on this site for 542,967 hours straight and have posted 8,934,742 comments. I’ve been awake for so long that I’m often seen trying to eat my own neck and my entire environment has taken on a gelatinous and neon coloured texture.

  5. 5
    Fees Office Clerk says:

    “Werrity” sounds like a German trying to say “Verity”

  6. 6
    Anonymous says:

    I think it will do more damage to Cameron if Fox continues to stay as minister. At least Cameron should have sent Fox on gardening leave while the inquiry finished. There were others who are ministers now who were involved with Fox’s doggy charity one of them is Osborne.

    When ever Cameron is in trouble you can see Osborne’s hand not far behind.

  7. 7

    If Cameron is going to be damaged, maybe we should want Fox to stay.

  8. 8

    Werrity, Werrity, Where art thou Werrity?
    You followed me here, I followed you there,
    Werrity, Oh Werrity, Where are thou Werrity?

    You told me you loved me,
    I held yours in mine,
    Werrity, Oh Werrity, Where are thou now?

    Dumped and so publicly as well.

    Well, look at it this way, out of politics, the BBC will pay him a few grand for every appearance he makes, write a book, and collect a pension, not bad for a few minutes in the papers and a dick up the ass.

  9. 9
    Dalai Llama Ding Dong says:

    What happened to the near 200 comments on the Stripper page, she kissing the Fox’s snout?

    Shows 404 on my PC…

  10. 10
    The Paragnostic says:

    Doggy charity?

    Cry ‘Havoc’ and loose the dogs of war!

  11. 11
    Fees Office Clerk says:

    Rob Shoesmith, a former binman from Coventry, queued for ten days to become the first man with an iPhone 4S at Apple’s Covent Garden store this morning. Rob admitted that he was getting so much dole money that he was running out of ideas for expensive things to buy with it.

  12. 12
    misterned says:

    Which rule(s) have actually been broken? Specifically?

  13. 13
    BaggPuss says:

    What is a hedge fund doing having a charity adviser? I am out of my depth here.

  14. 14
    BaggPuss says:

    the rule of common sense.

  15. 15
    Mr Fox says:

    Shit..this is getting out of hand.
    In hindsight I should have just let you lot think I was shagging him.

  16. 16
    P. Mandevilson, the Eminence Greasy says:

    Oh what a tangled web we weave when first we practice to deceive.

  17. 17

    Ministerial code of conduct too.

    And that’s so opaque you have to be a complete gung-ho arsehead not to be able or willing to get around it.

  18. 18
    albacore says:

    Have you considered standing as an MP?
    You have achieved a perfect score on the required Parliamentary perception scale.

  19. 19
    Penfold says:

    Looks like someone is getting in their retaliation first.

    Queens evidence m’lud?, that will do nicely.

  20. 20
    Dalai Llama Ding Dong says:

    Bugger – lotta vital info down the plughole, well at least I am not the only one mentioning traitor, treason, an d a Mossad operation…

    Guardian Confirms Mossad Fears

    by craig on Oct 14th in Uncategorized

    A mainstream media source has finally plucked up the courage to publish the widespread concern among MOD, Cabinet Office and FCO officials and military that the Werritty operation was linked to, and perhaps controlled by, Mossad – something which agitated officials have been desperately signaling for some days.

    “Officials expressed concern that Fox and Werritty might even have been in freelance discussions with Israeli intelligence agencies” write Patrick Wintour and Richard Norton-Taylor in the Guardian.

    As I have been explaining, the real issue here is a British defence secretary who had a parallel advice structure designed expressly to serve the interests of another state and linked to that state’s security services. That is not just a sacking offence, it is treasonable.

  21. 21
    Displaced Brummie says:

    I do HOPE NI isn’t still tapping ‘phones or using information stolen by private thieves… sorry! detectives, because under the circumstances, that would be fucking stupid, wouldn’t it?

  22. 22
    Selohesra says:

    Arse please not ass – we do have some standards here you know

  23. 23
    PK says:

    why, shouldn’t a hedge fund be able to make charitable donations ?

  24. 24

    Libdems gotta keep out of this, it could all come down and end up in an ellection early next year and they would be screwed, Labour would be in and the Tories would be trying to figure out how to get back into power again.
    Suggestion, Try Asking yoru MPs if they are GAY and if so, Don’t give them TOP JOBS!
    History does teach us some great lessons, too bad we don’t teach it any more.

  25. 25
    goy boy says:

    “practise” or is it spelt that way in hebrew?

  26. 26
    Mahmoud Veriz says:

    This is boring – where’s that caption contest

  27. 27
    Notoryctes says:

    Fox and Werritty’s relationship with the sinister parasites of 40 George Street needs to be fully illuminated and dissected until we can all clearly and distinctly distinguish what is true from what is the product of organised lying.

  28. 28
    BroganPD says:

    Not at all. If what you find is truly criminal behaviour then it is best outed, regardless. If I am hired to look into something, I dig, I bend and adjust the rules so I can do that digging. Then I hang the SOB out to dry once I have found out what he is doing.

  29. 29
    We are hedgies says:

    We control the world

    Until we go bust

  30. 30
    Desperate Dan says:

    Fox and his dodgy friends have set up a ghost MOD. to serve the interests of shady businessmen and foreign spies, with its own secret funding and its own secret advisers. He, and they, have sought to avoid parliamentary scrutiny and democratic accountability. No-one in their right mind can think he is able to represent the best interests of this country.
    – There is a possiblity, of course, that after 13 years of Labour’s Jobs for Cash policies the MOD itself is full of shady businessmen and foreign spies.

  31. 31
    Dalai Llama Ding Dong says:

    An interesting and insufficiently explored aspect of the Werritty scandal is the role of Matthew Gould, UK Ambassador to Israel. Gould met with Werritty and Fox at least twice, at a pre-posting briefing meeting in the MOD and at an anti-Iranian conference in Israel. It is quite probable he had many more contacts with Werritty than that. As Werritty’s financiers specifically sought to promote the interests of Israel though Werritty, and it is thought by some within the MOD and Cabinet Office that they may have been acting on behalf of Mossad, these links with Matthew Gould are crucial.

    Matthew is a good man, of whom Robin Cook thought highly. I have this morning sent him this email:

    My dear Matthew,

    Belated congratulations on your Ambassadorship and I do hope that you and your family are enjoying life in Tel Aviv.

    I wish to ask you some questions on your role in the Adam Werritty affair. This email and the response will be published on my blog. I appreciate you will probably pass this on to News Department but it seemed impolite to address questions about you to somebody else, and you will need to provide them with the answers anyway. As I am sure you are aware, I can get a number of MPs very easily to ask these questions for me, but I hope you will be so good as to ensure that full and true answers are provided to me.

    Anyway, here are the questions. I should like a brief but fully true answer to each individual question:

    You are widely reported in the media to have met Mr Werritty with Liam Fox at a meeting in the MOD before your posting to Tel Aviv.

    1) Was this part of your official series of pre-posting briefing meetings?
    2) Who organised the meeting? Was it organised by another official, eg in Heads of Mission Section (if it still exists) or the geographical department?
    3) At what stage did you know that Werritty would be in the meeting?
    4) How was Werritty introduced to you?
    5) Who did you think that Werritty was? In what capacity did you believe or presume or were you told that Werritty was at the meeting?
    6) Was there any aspect of the discussion which you would normally view as classified? If so at what classification?
    7) Was any note made or minute or letter written as a result of what transpired at that meeting? Did any other action arise?
    What was the classification of any note, document, minute or letter arising from the discussion at that meeting?
    9) Had you ever met Werritty before?
    10) You and Werritty reportedly both attended an anti-Iranian conference in Israel, as did Fox. What contact did you have with Werritty at that conference or in its margins? What did you discuss?
    11) Please list the total number of occasions on which you have met, corresponded with (including email), or spoken by telephone with Werritty.

    I apologise for the long list of questions but you will understand the level of precision I am attempting to obtain and thus most of them require only very short answers.

    I would point out that Werritty is in precisely the same position as me; merely a private individual and taxpayer. In asking these questions I am quite as entitled to your attention and time, and to be given information, as Werritty. I trust I will be given the answers; knowing you I am sure you will wish to be open, honest and helpful.


    These are of course exactly the questions which the opposition and mainstream media ought to be asking, but I rather fear they are not. The Cabiner Office “Inquiry” is deliberately not asking.

  32. 32
    Mike Handycock says:

    It is scandalous that the media is looking into the expenses of a Government Minister and MP and his assistant. This is one of the very reasons why the media must be strictly regulated. Laws must be passed immediatley to stop this kind of unjustifiable intrusion and certaily before people start asking questions about how I got my villa in Spain, registered in my daughter’s name.

  33. 33
    PSMProductions says:

  34. 34
    Bono's Accountant says:

    A taxing question. Let me think about it more carefully and get back to you in due course with an invoice for my time.

  35. 35
    Dream talker says:

    If someone want to stick his dick up an ass then the RSPCA should be informed.

  36. 36
    Blinding flash of the obvious says:

    MSM catching up with Guido again

    It sticks out like a sore thumb that Mossad are close in here…

    What do you think Bicon is ?

    An up hill gardeners’ club ?

  37. 37
    Dream talker says:

    Queers evidence shurely ?

  38. 38
    P. Mandevilson, the Eminence Greasy says:

    I can’t tell my pedant from my pederast either.

  39. 39
    Sick of the greed and lies says:

    Looks ok to me or is that like Potatoe?

  40. 40
    ;) says:

    Surely you mean Rt Hon Rob Shoesmith MP

  41. 41
    Sir Stuart-Bellend says:

    I totally agree.
    If we don’t gag the press those buggers will be checking up on us to see if we bother going to work.

  42. 42
    Hoopa says:

    Tories are

    bbbbuuulllllllllssshhiiiiiiitttttttaaaaaa a a a a sssssssss

  43. 43
    Tony "Persona non grata" Blair says:

    Treason ?

    We abolished that…

  44. 44
    UN Observer says:

    Sounds like Peter Hain….

  45. 45
    Desperate Dan says:

    The only good thing is now that newspapers have learnt belatedly how to follow the money perhaps they’ll find out the sources of Mandelson’s and Blair’s wealth.

  46. 46
    Judge Dreadful says:

    Actually, you just tried to make it unpunishable by the criminal courts.

    You betrayed your country regularly.

  47. 47
    Jeremy Thorpe says:


    Very cheap at the price I would say

    But is something permanently up ?

    Does that mean that he Cums when Dancing ?

  48. 48
  49. 49
    Mouldywarp says:

    Many of these ‘advisors’ and ‘donors’ would be characterised as ‘spies’ or ‘agents’ if their HQ was in Moscow.

  50. 50
    Shredder Blair says:

    All you little people will find is the receipt for a shredder.

  51. 51
    MI6 says:

    Is this the NEW sophisticated FRAUD that the Political Elite use to lift an extra few bob by using their influence over TAX payers money? I wonder how many of these ministers have similar little Loop Holes that can develop into nice little earners. Its like having a load of Second Hand Car Salesmen without the oversight of the Inland Revenue. Will any of the previous Fraudsters be sanctioned under proceeds of crime legislation? Surely these Politicians can’t be above the LAW, AGAIN.

  52. 52
    Anonymous says:

    It is a conspiracy, innit?! Is Desperate Dan right? is it a bunch of foreign spies and nazi holocause denying mossad agents taking over the MOD? Or is it just some true blue tories having a laught jetting around the world and getting drunk, and having their own mini-think tank Atlantic Bridge? A think tank headed by a former adviser (sorry, “intern”)? I wonder which is more likely.

    But all of this is a distraction anyway, Fox has been used as a tool (willing or not) by Cameron to decimated british defence capability. Fox the “right winger”. He used to be known as a left winger. It all rather reminds me or Portillo the “right winger”. Basically, everybody is f***ing the public.

  53. 53
    Gus O"D says:

    wait a minute ?

    Do you want to prove treason or something as unfashionable as that ?

    If you continue, you will bring the Government down, I warn you

    And a shit storm with it

    (For the Lobby off the record : This is big and very hot. I may have to put a D Notice on it)

  54. 54
    Jess The Dog says:


    Sky news are pointing to spookery through money to the Sri Lanka Development Trust. Was Werritty pocketing the cash of a certain agency south of the River Thames? He lives right next door at Vauxhall Bridge.

    2009 is about the time the Sri Lankan government finally defeated (slaughtered?) the Tamil Tigers as well.

  55. 55
    MI6 says:

    Bring in Control orders for the lot of them. They obviously cant be trusted for a single minute with our security. These Scum don’t represent ME.

  56. 56
    Empty Ed Millibund says:

    Notice to all members of the Shadow Cabinet

    No mention should be made of Israeli involvment in this scandal.

    For obvious reasons, you see

    Signed : Sleeper agent

  57. 57
    John Bellingham says:

    Time dims the memory, but “Mr Verity” pronounced “My Werrity” was a recurring off-camera character of stupidity in jokes and sketches in “At last the 1948 Show”, the John Cleese, Marty Feldman, Tim Brooke-Taylor, Graham Chapman comedy hit. I think that it was an in-joke reference to the BBC female executive Verity Lambert (even though “1948” was an ITV show). My guess is supported by the appearance of two completely stupid characters, “Mr Lambert” and “Mr Verity” in a later Monty Python sketch “Buying a bed”

  58. 58
    Oliver Wheelie Bin Letwin says:

    I agree with Ed

  59. 59

    “He came into my office and said I want to set up a new company.” Don’t tell me. Let me guess. This new company was called Palaver. Hee! Hee! Hee!

  60. 60
    Labour friends of Israel says:

    It is Israeli national security that we should all be working on

    Not British

  61. 61
    MI6 says:

    Treason Treason Treason

  62. 62
    Anonymous says:

    You have missed Gabby Bertin involvement in all these. She has full access to PM’s office and very close to Fox and his “friend”. There could be more people in the ring at least 5 current MPs were involved in the doggy charity, some are senior ministers.

    Also Gabby Bertin was the one who set up this doggy charity.

  63. 63
    albacore says:

    Dearie me, Gusset, let’s hope you can keep spinning this out so that poor old Dave doesn’t have to make a decision anytime soon.

  64. 64
    Anonymous says:

    How do you thing Gab*y Berti* fits into this?

  65. 65

    There is an almighty flap on at No10. The PM needs to order an immediate strike against a bunch of foreign terrorists. Dave is on the blower trying to speak to the Minister of Defence.

    Dave: Is that you Liam?

    No you dont have that pleasure Prime Minister, allow me to introduce myself im the ministers very special friend, Sandy and sitting in with me today is my partner mr Bonar-Law.

    Dave: Get me the minister immediately!!

    Sandy: Oh you’re so formal and old school aren’t you! Anyway what do you want?

    Dave: Well if you must know I need to launch an urgent probing operation!!

    Sandy: Sounds interesting could be right up my alley. It just so happens you’re speaking to the right man. My colleague here mr Bonar-Law is a Barrister and I can assure you that he has handled some bizzare briefs in his time.

    Sandy continues: Anyway Dave where do you want your probe.

    Dave: Half way up the Hindu Kush.

    Sandy: Oh Dave you are cheeky! I never knew you had it in you. So bold , So anyway who is the target? At that stage there is abit of interferrence on the line.

    Sandy: Whats that you say about an Oily Fu**er!

    Dave: You silly man. I said its the Wiley Fakir.

    At that point an Australian voice cuts into the conversation.

    G’day cobbers, Just doing my monthly phone audit. Why dont you lot stop pi**ing about like a load of whingeing POMS and get some bleedin work done. Thats what I pay you for isn’t it!!

  66. 66

    I used to think that Cameron’s privileged background and Eton education shouldn’t make any difference to how he did his job, but now I’m beginning to wonder.

    His front bench show all the signs of being totally out of touch with the electorate and their concerns and problems. They show no signs of wanting to understand. He has chosen people for ministerial and important government positions that I’ve always considered to be liabilities – Letwin, Maude, Mitchell, Warsi, Hunt etc. Now we have Fox, who I always considered somewhat lightweight as a politician, showing, at best, stupendous lack of judgement and naivete.

    I’ve said before, we have a bunch of total amateurs running this country. What’s even more scary is that the opposition are even worse!

    To top it all, there’s no one up and coming who could do a better job.

    How has this country allowed mediocraties and chancers to take charge?

  67. 67
    Major Mazel Tov Head of MOD HR Department says:

    Believe me, Mossad are not involved. Ask by cousin Hyman who runs MOD Defence Procurement

  68. 68
    Grimy Miner says:

    At this point in time there doesn’t appear to be an electable politician in Britain.

    Labour – tainted by years of Bliarite and Broonite shite
    Limp Dumbs – not able to even nod at the right moment
    Tory – loose trouser belts when in the presence of young male advisors, unable to decide between meum and tuum, not able to use the simplest of modern office equipment (shredder)
    UKIP – can’t decide if they want to rule or want to snipe, a part of Europe but not in it
    Green – ’nuff said

    Who does the normal voter vote for?

    None of these – he takes to the streets and does what they all do to him, take what he wants and fuck the rest.

    We are well and truly fucked.

  69. 69
    albacore says:

    Never mind. If we ever do have nukes winging our way at 45 minutes’ notice, at least now we can be sure that Dave won’t do anything hasty.

  70. 70
    Liam Fox says:

    You want to start a campaign about this Handy. You will find you have lots of support. Press intrusion is now having a direct impact on our troughing and sex lives and has to stop. Can you use your powerful masonic connections to pull it off? They seem to get you out of the shit every time.

  71. 71
    Dalai Llama Ding Dong says:

    All “friends of Israel” no doubt…

    Where the hell were all Fox’s MI5 and 6 minders, Special Branch, SAS minders – or are THEY all on the Mossad parole too?

  72. 72
    kleegish says:

    It depends, since you’d have to be an ass to have had anything to do with The Talented Mr. Werritty. I suppose in this case the two are synonymous

  73. 73
    A well wisher says:

    A sexually transmitted disease like Fox should have been sent packing days ago,
    along with his podgy husband and his nine-incher.

    If I were a squaddie on the front line, reading about the bastards lying beside the pool in a five-star hotel in Dubai, I’d shoot their nicely waxed balls off myself.

  74. 74
    kleegish says:

    Depends what kind of spell check you have; British spellings often get the wavy red underline. Some folks are so OCD that they can’t post if they have a ‘misspelling.’ Others, not so much, as you can tell with a cursory glance(Ain’t I clever with that play on ‘cursor’?).

  75. 75
    Larry of Araby says:

    Yeah right. The Grauniad sees MOSSAD in your discarded panty liners.

  76. 76
    Larry of Araby says:

    We’re all

  77. 77
    Che 'T' & keffiyah-clad cretin says:

    We’re all Laura Stuart now:

  78. 78
    Minced Pie says:

    Couple of years back this fella was bumming a goat in an allotment, a train stopped due to work on the line and passengers spied man pumping away, a few concerned citizens got out of train and approached the pederast, instead of legging it he crouched down (still nut deep in a goat) hoping they could no longer see him. When his collar was felt it transpired he was a trainee chef!

  79. 79
    Kered Ybretsae says:

    Director of PARGAY sounds a bit queer!

  80. 80
    Blind leading blind says:

    “Clues to who might have leaked those are littered”

    Are you hinting it was Letwin?

  81. 81
    Jw says:

    I hear there are some more holiday snaps on the way ..

  82. 82
    Anonymous says:

    Where’s the FSA in all this? Seems like a violation of the Bribery Act and the regulator should be looking over the books to call in the FSO enforcement troops.

  83. 83
    Anonymous says:

    Wonder is HMRC is looking for Pargav Ltd in that list of 6000 HSMC Swiss accounts…… Cmon, this John LeCarre money trail should be running deeper than just the £160k. Arms dealing is big biz!

  84. 84
    Anonymous says:

    6000 HSBC Swuss accounts

  85. 85
    Mick Hills says:

    What else do you expect from Tories-sleaze, sleaze, sleaze. They wouldn’t be Tories if they were not up to their grubby necks in it. Ed’s right to call for an enquiry, investigate the lot and uncover hands in tills all over the shop.

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