Tynwald day petition

KSF affair highlights worrying flaw - MHK

2009-07-08 23

North Douglas MHK Bill Henderson
An MHK is vowing to do all he can to support a depositor with Kaupthing Singer and Friedlander, who stands to lose a majority of his life savings.
North Douglas member Bill Henderson says his constituent Ian Torbert has worked hard to put money aside for his retirement and has been left devastated by the bank's collapse.
Mr Torbet presented a petition for redress of grievance on Tynwald Day calling on the Island to use every means possible to negotiate a solution which would refund all KSF Isle of Man depositors.
Mr Henderson has assured Mr Torbet he will take the petition forward, as he believes the Manx government should be bargaining more robustly with the United Kingdom.
He says, to date, no regard has been shown for the money which was secured over here, and it highlights a worrying flaw in the relationship between the Island and the United Kingdom:

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