Parliamentary Panto

Panto season is upon us:

Mr. Redwood: To ask the Chancellor of the Exchequer (1) what value of assets the Bank of England has accepted as collateral for loans to Northern Rock; (2) what proportion of the Bank of England’s total assets are represented by claims on Northern Rock and its assets.

Kitty Ussher: The sum borrowed by the company is confidential.

Oh no it isn’t! Despite much inconsequential huffing and puffing from Schillings you can still read in detail about Northern Crock’s supposedly confidential finances here.

Police Confirm Investigation

Peter Watt could face up to 12 months for breaching the Political Parties, Elections and Referendums Act 2000 alone. There are various potential offences to consider. More here.

Roy Kennedy was the Director of Finance and Compliance when the illegal funding operation was under way. Labour sources have told Guido that he should have known, it is inconceivable that the third biggest funder of the Labour party could have gone unchecked. He was responsible for compliance with the law. The question is when did he first know about it?

He will be an early target of the police investigation.

What Laws Have Been Broken?

There seems to be a smorgasbord of potential offences committed in this illegal funding operation for the Labour party. Money laundering, fraudulent misrepresentation, numerous offences under the Political Parties, Elections and Referendums Act 2000, the list goes on.

So all you loafing lawyers and amateur barrister wannabees, lets see if we can compile a list of potential charges to be faced in the comments. Should make pleasant reading…

FT Drops Northern Rock Memo Fight With Schillings

“We were looking at funding a principled legal case about news that was looking increasingly historic by the day,” says Paul Murphy, the editor of the Alphaville blog. The FT reckons the revelations about the government’s support for the bank are now common knowledge and events had superseded information contained in the memorandum.
The memo is hosted on Wikileaks if you are still interested in reading this bit of financial history. Schillings wrote to Guido arguing that he was breaching the High Court Order by linking to it and would suffer all manner of comeback unless he gave undertakings and removed all links etc. Guido’s legal people told Schillings last Friday to serve the Order properly or get stuffed. Haven’t heard anything from Schillings since – so that’s them stuffed.

Gordon’s Favourite Banker Resigns

Adam Applegarth, chief executive of Northern Rock has finally resigned as has non-executive director, Derek Wanless (pictured), Gordon Brown’s favoured and most trusted banker.

It turns out that the chief-exec sold over £2.6m of shares at peak prices while still urging thousands of employees and investors to buy shares when the company was facing trouble.

Sir Derek sits, like so many other of New Labour’s great and the good, on various government quangos; the Statistics Commission and the National Endowment for Science, Technology and the Arts. More importantly he chaired Northern Rock’s Risk and Audit committees. If anyone should have known what was coming, it was Gordon’s favourite banker. He had to sign off on all strategic risk management issues. Guido called for his resignation right at the start

Incidentally, Schillings (lawyers who boast of being able to cover-up the truth) are huffing and puffing furiously to Guido about that Investment Memo on behalf of Northern Rock. Guido, they will find, is a little bit more resilient than a blogger in a bedroom in Guildford…

No M’Lord

The FT may have lost a High Court battle to print the Northern Rock investment memo, Gordon somewhat pathetically at PMQs claimed it was “commercially sensitive” information to get him off the hook discussing it. Vince Cable lashed into him when he made that “absolutely bogus” claim. £24 billion of taxpayers money on a bail-out is a legitimate matter of public interest.

It is definitely not secret any more. Guido told you 4 hours ago where it could be found online in the U.S., it is as of now the top Google search result for Northern Rock Summary. You can’t keep politically expedient secrets in an open source world…

UPDATE : Our old friends Schillings are at it again. No Pasaran!

Geek Note : Service Interruption Possible

Guido is doing a full dress-rehearsal of his host mirroring system today. There should be no noticeable interruption to the blog. The Californian server’s 70 megabytes of contents were mirrored on a back-up server in an entirely different legal jurisdiction yesterday.

The intention is to switch servers seamlessly, see how it performs under the traffic load, then switch back to California – without losing a single comment. Isn’t technology wonderful?

So anyone thinking of wielding a legal hammer, better get a bigger hammer.

How to Tell If Tony Wright Has Been Nobbled

Today is the first hearing of the Public Administration Select Committee into Propriety and Honours: Lessons Learned. At 3.00 pm oral evidence will be taken from: AC John Yates, Metropolitan Police, Carmen Dowd, Head of Special Crime Division, CPS and David Perry QC.

This is only the first hearing, we are told there will be others.

Tony Wright chairs the committee and is being criticised for selecting the terms of reference to avoid investigating the actual allegations. He no doubt would argue that was the job of the police.

However, if at a subsequent hearing he does not call Lord Levy to answer questions, you can safely assume he has been nobbled. Arguably Blair and Ruth Turner should also be called to explain themselves.

Guido has also seen a copy of a letter sent to Tony Wright by a witness making specific allegations about being offered honours in return for donations to the Labour party. The letter specifies who made the offer, the figures discussed, as well as naming the Labour party operators involved when they were introduced to Tony Blair. The witness states in the letter that they are bemused at the lack of a prosecution. The witness also states in their letter to Tony Wright (copied to all members of the Committee) that they are willing to testify to the Committee. If that witness is not called Tony Wright has been nobbled.

To the hundreds who have pledged publicly (and privately) to financially support a private prosecution and have been wondering what has been going on, rest assured preparations have been made, legal soundings have been taken and we are waiting to see what comes out of these hearings.

You will also remember that after the dropping by the CPS of the case, the briefings in the papers by “friends” of Levy and Ruth Turner that they would be taking legal action against those who made the accusations. Nobody has received a writ. They have gone very quiet.

Private Prosecution Fund Update

As of now 145 people on the PledgeBank website have indicated they want to financially support a private prosecution. You can also pledge via Facebook and even text ‘pledge cash4prosecution‘ to 60022 from your mobile phone. Old fashioned email works as well.[…]

+ READ MORE +

Surge of Net-Roots Support for a Private Prosecution

Since yesterday pledges of support for a private prosecution have come in thick and fast on the main PledgeBank website and a few via Facebook. You can even text ‘pledge cash4prosecution‘ to 60022 from your mobile phone. One substantial financial pledge via email will hopefully not be the last.[…]

+ READ MORE +

Private Prosecution : Pledge Support

Graphic courtesy of Beau Bo D’Or

Guido has been in discussion with some of m’learned friends after a careful reading of the CPS statement. The CPS has decided on a bar set very high to justify not prosecuting under the Honours (Prevention of Abuses) Act 1925 (‘the 1925 Act’).

[…]

+ READ MORE +

BBC – Criminal Conspiracy?

If BBC staff knowingly deceived viewers into believing that they could win a prize by calling a premium rate phone number when they knew they could not, isn’t that a conspiracy to defraud?

What do m’learned friends think?

+ READ MORE +

Do You Know Now?

Just in from the Court:

A Metropolitan police security officer, Chris Ham, 21, told the high court in London today that Mr Jones, the MP for Clwyd South for 20 years, swore at him after he “politely” asked to see his pass at Portcullis House in Westminster.
[…]

+ READ MORE +

Who are Ruth Turner’s Solicitors?

Just chasing up something, having difficulty finding out the name of the firm representing poor Ruth. Do any of you many loafing lawyers happen to know?

+ READ MORE +

McTernan Documentation

The Law Report for Attorney-General v British Broadcasting Corporation contains a little nugget Guido hadn’t noticed before. The three categories of documentation identified were:
A Material relating to policy strategy in conducting their future investigations. As to that, the judge said that the real concern of the police was that they wished to put the document to several individuals who might be suspects.
[…]

+ READ MORE +

Levy On the Edge

It was a year ago that Guido said Levy would be charged (and started taking bets) it has taken the press and the Lobby a long time to fully come around to Guido’s way of thinking.

The Indy reckons Levy ‘feels let down and is about to turn on the Labour Party, the Sunday Times says Blair aides ‘plotted’ to foil police.

[…]

+ READ MORE +



Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Heather Wheeler talks to Burton Mail about her tweet…

“It was a tongue in cheek pop after the European Parliament tweet – it was purely that. I also wanted to congratulate Team GB on a brilliant result and thirdly congratulate the Commonwealth countries who also did very well. Fourth, I am also looking forwarded to establishing new trade agreements. That was it – nothing more. Let’s just enjoy the summer!”

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

FARAGE TO TRUMP “I COME TO YOU WITH A MESSAGE OF HOPE AND OPTIMISM” FARAGE TO TRUMP “I COME TO YOU WITH A MESSAGE OF HOPE AND OPTIMISM”
Max Mosley Funds Tom Watson’s 11 Advisers Max Mosley Funds Tom Watson’s 11 Advisers
“JEREMY, JEREMY, JEREMY” “JEREMY, JEREMY, JEREMY”
FANCY A JOB IN DANCZUK’S OFFICE? FANCY A JOB IN DANCZUK’S OFFICE?
TEAM GB SING NATIONAL ANTHEM ON VICTORY JET HOME TEAM GB SING NATIONAL ANTHEM ON VICTORY JET HOME
HOW BRITISH EMPIRE BEATS EU FOR OLYMPIC MEDALS HOW BRITISH EMPIRE BEATS EU FOR OLYMPIC MEDALS
PRCA Complain to Carolyn Harris Over Lobbyist’s Pass PRCA Complain to Carolyn Harris Over Lobbyist’s Pass
Oily Smith the Devolution Dodger Oily Smith the Devolution Dodger
Times Runs Full Page Ad for “China Heroes” Times Runs Full Page Ad for “China Heroes”
SONG FOR JEREMY SONG FOR JEREMY
DROMEY CUTS SHORT ATTACK ON CORBYN TO GREET CORBYN WARMLY DROMEY CUTS SHORT ATTACK ON CORBYN TO GREET CORBYN WARMLY
LABOUR MP GIVES LOBBYIST PARLIAMENTARY PASS LABOUR MP GIVES LOBBYIST PARLIAMENTARY PASS
BILL ETHERIDGE SPEAKS: “IT’S BEEN HARD TIMES” BILL ETHERIDGE SPEAKS: “IT’S BEEN HARD TIMES”
JAMIE OLIVER’S SUGARY, FATTY ADVERTISING HYPOCRISY JAMIE OLIVER’S SUGARY, FATTY ADVERTISING HYPOCRISY
LABOUR CONFERENCE CRISIS TALKS BREAK DOWN LABOUR CONFERENCE CRISIS TALKS BREAK DOWN
BRUTAL TORY ATTACK AD SAYS LABOUR SOFT ON ISIS BRUTAL TORY ATTACK AD SAYS LABOUR SOFT ON ISIS
CORBYN TO ATTEND MOMENTUM EVENT WITH VILE INTERNET TROLL CORBYN TO ATTEND MOMENTUM EVENT WITH VILE INTERNET TROLL
HOW TO MAKE CANADIAN MINING INTERESTING HOW TO MAKE CANADIAN MINING INTERESTING
TORY REPORT CLEARS FELDMAN AND SHAPPS TORY REPORT CLEARS FELDMAN AND SHAPPS
FIRST PICTURE OF BEARDED GOVE FIRST PICTURE OF BEARDED GOVE