Justice Commitee Meeting

  • expatfrance1
  • 15/10/08 31/05/09
  • a depositor
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Posted: Thu, 11/12/2008 - 08:08

The following link is to a video of the Justice Committee meeting on 10th December.

http://www.twofourdigital.net/UKParliament/Archive/0000005480.wmv.asx?cu...

The first 20-30 minutes shows Lord Bach looking very uncomfortable as he questioned about the situation.

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Justice Comittee meeting - wait

  • darrmont
  • 15/10/08 31/05/09
  • not a depositor
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  • Thu, 11/12/2008 - 11:47

It takes about 3-5 minutes for the video to start but it will come, just start it go and boil the kettle for a cuppa


Thanks - re video

  • anrigaut
  • 19/10/08 30/10/09
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  • Thu, 11/12/2008 - 13:42

Thanks - indeed it comes eventually. I was obviously too impatient!

Indeed, Lord Bach seemed pretty uneasy much of the time, wringing his hands under the table...

He ended by saying, in response to a direct question by one of the committee, that he was "satisfied" that the interests of UK depositors in KSFIOM had been protected to the same extent (or some such words) as the depositors with the UK branch (not quite sure of the exact expression and may have it a bit wrong, but that's what he appeared to say; unfortunately it seems re-listen without going through the whole thing again - the cursor on the bottom won't advance the recording). How can he possibly say that??

When asked about success or otherwise in negotiations with Iceland over the IMF loan, he said (twice) that he understood negotiations were "still continuing". What sense can that possibly make when - as I understand it - the loan has now been agreed? A pity no-one on the committee asked that as a follow-up question.

He had earlier said "we represent the interests of the IOM where it is appropriate to do so". Aa, so maybe the sting is in the tail - who decides and on what grounds whether it is "appropriate" or not?


Justice - What Justice ?

  • gerry paul johnson
  • 13/10/08 31/05/09
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  • Thu, 11/12/2008 - 10:14

Having just watched the video of yesterday's Justice Committee hearing, I find it deeply disturbing to watch a peer of the realm clearly avoiding giving a truthful account of the events that led us into this dreadful situation. His demeanour, and body language demonstrate that he was in posession of truths that he COULD NOT discuss. On the positve side however, much useful and "new" information has emerged, the principal of which must surely be that Sir Alan Beith (Chair of the committee) is clearly aware that there has been a breach of natural justice in our case.
This video should be essential viewing for all of our members, followed by as many UK depositors contacting him in explanaition of the severity and magnitude of the injustice. (I suggest only UK depositors because that is where the force will lie in this instance. ).
Sir Alan Beith can be contacted on www.alanbeith.org.uk

Lets get writing!


Justice Comm

  • shafted
  • 10/10/08 12/12/09
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  • Thu, 11/12/2008 - 15:09

Have just writen to Alan Beith .


Legal Evidence about UK failure beginning to come through

  • timeout
  • 22/10/08 22/06/09
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  • Thu, 11/12/2008 - 08:58

Thank you for this posting. For me this video is the most significant official evidence emerging that UK Government and IOM Government may be in breach of their duties. This video highlights:
1. It was £532m that was placed by KSFIOM into KSFUK.
2. The IOM FSC was involved.
3. Ministry of Justice is sitting on the fence and has delegated to the UK Treasury to negotiate for IOM when the UK Treasure by the admission of the Ministry of Justice is potentially conflicted.
4. The UK Government needs to consider the wider interests of UK citizens.
5. Completely wild claim that the IOM welcomes the UK Government review when the IOM has gone on record to say that these are just deflections and innuendo.


Legal action

  • dclf1947
  • 10/10/08 31/08/09
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  • Thu, 11/12/2008 - 09:46

Does this give us ammunition for possible legal action?


JUSTICE COMMITTEE MEETING 10/12/08

  • hopeful
  • 11/10/08 31/05/09
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  • Thu, 11/12/2008 - 17:16

Watching this video, which is so significant to our case, has made me cheer up no end. I was beginning to think that no one of real importance in the UK had really grasped the fact that depositors with KSFIOM (many who are UK citizens and UK residents) have been treated appallingly in this disaster.

Clearly Sir Alan Beith (chair of this committee meeting) has grasped the nettle and realises that there has been a breach of justice in the way the UK authorities have handled this whole affair. When Lord Bach was pressed to answer the big question he said he was satisfied that the interests of UK depositors in KSFIOM had been protected to the same extent as the depositors with KSFUK. This is absolute nonsense. At present UK depositors with KSFUK are 100% protected but UK depositors with KSFIOM are at the mercy of the UK Treasury. After two months since the collapse the UK Treasury have given no assurances that they will agree to instruct the administrators of KSFUK to return the £557k (according to KSFIOM balance sheet 30/9/08) to KSFIOM.

It is very important now for all UK depositors in this dreadful saga to contact Sir Alan Beith. Sir Alan Beith will then hopefully apply more pressure on the Ministry of Justice, and if this still does not shake up the UK government to do the honourable thing, I think we now have the necessary amunition for our legal team to apply for a Judicial Review if it has to come to this.


Alan beith and collegaues: congratulations

  • iainb
  • 11/10/08 01/02/10
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  • Thu, 11/12/2008 - 17:46

I agree, sir Alan and his colleagues on the committee are to be congratulated on their challenging and tenacious questioning of poor Lord Bach...he seemed as confused about this whole sorry state of affairs as i am!

it is clear that within HMG there is considerable uncertainty....which we can exploit in the weeks ahead

i am slightly more optimistic tonight

regds

iainb