Jeff Randall - Daily telegraph

  • expatfrance1
  • 15/10/08 31/05/09
  • a depositor
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Posted: Tue, 21/10/2008 - 10:01

Just received the following reply from Jeff Randall at the Daily Telegraph from my e-mail:-

We are on the case.

Jeff Randall
The Daily Telegraph

Dear Mr Randall,

I am writing to suggest that you might like to investigate the role the UK Government may have had in the collapse of subsidiaries of the Icelandic bank Kaupthing based in the UK and Isle Of Man, with the resulting loss of depositors money.

Both the Chief Minister and Treasury Minister on the Isle Of Man have indicated that the collapse of the bank on the island was a direct result of the UK Governments actions.

The facts as we currently know them are as follows:-

On 8 October 2008 Alistair Darling stated in a public forum that the Icelandic Government had informed the UK authorities that it has no intention of honouring its obligations in the UK.

The Icelandic government denies that any such message was conveyed and, to this date, the UK government cannot supply the name of the person in the Icelandic government that supposedly delivered the message.

In a press conference later in the day Gordon Brown and Alistair Darling suggested that Iceland was a bankrupt country and that it could not meet its worldwide obligations.

On the same day the UK Government instructed the FSA to seize the assets of Kaupthing UK.

Other observations are:-

Most observers confirm that Kaupthing Singer & Friedlander UK was a solvent, liquid bank up until the UK government’s actions on 8 October and that its balance sheet was ‘one of the strongest of all the banks in the UK’.

Other Kaupthing Bank companies around Europe had been taken over by other institutions with little effect on depositors and it is only here in the UK, where the government took such drastic action, that repercussions such as the demise of KSF IOM are still being felt.

What justification is there for the UK government to use anti-terror legislation to freeze and seize assets of a ‘NATO Ally’ and ‘a member of the European Economic Area’ and therefore in effect branding Iceland a ‘terrorist state’.

There are also other question that need answering:-

Why were other banks told on 6th October to cease processing transactions for Icelandic banks but not tell Kaupthing Singer & Freidlander that this was happening? This was 2 days before Alistair Darlings comments.

Why are the court papers relating to the appointment of the Administrators of KSF UK sealed?

Those of us who have lost their life savings in this fiasco would like to know how HM Government can justify sacrificing us in their muscle flexing war with Iceland.

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Jeremy Paxman

  • expatfrance1
  • 15/10/08 31/05/09
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  • Tue, 21/10/2008 - 16:02

Sent the same e-mail to Jeremy Paxman (Newsnight). Here is his reply:-

Thanks. This is rather interesting. I'll pass it on to Paul Mason when he gets back from the States.

to Jeff Randall thanks I have

  • expat
  • 10/10/08 31/05/09
  • unspecified
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  • Tue, 21/10/2008 - 13:23

to Jeff Randall thanks I have in fact stated that to Chaneel 4 today and the FT last evening, any help we can give please get in touch

expatfrance1 - Great letter, thank you

  • Knife Edge
  • 10/10/08 31/05/09
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  • Tue, 21/10/2008 - 12:45

I was thinking that this was a good thing to do, and then I find that someone's already had the thought and done it - well done, and thanks, a perfect letter.

The more I read, the more it seems that HMG have a lot of difficult questions to answer, and I am afraid we may never get those answers until long after Gordon Brown's benighted time at the helm is over, and this attempt at managing his public image has been recognised for what it was - an inept piece of international posturing, ill-conceived and bungled in its implementation. This will of course be cold comfort to all of us by then.

Great letter

  • David9J
  • 10/10/08 31/05/09
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  • Tue, 21/10/2008 - 11:23

Well done! I think someone else has already contacted Private Eye (teapot?). They may like to forward this letter to Ian Hislop as it hits all the right questions and hints at something underhand having taken place.

Private Eye

  • expatfrance1
  • 15/10/08 31/05/09
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  • Tue, 21/10/2008 - 11:37


Have just sent copy of letter to Private Eye at 'strobes(?)private-eye [dot] co [dot] uk'.

Does anyone have another e-mail address for them?