This week the Royal Bank of Scotland, which took £20 billion of taxpayer's money in the bank bailout, made clear its intention to pay staff almost £1 billion in bonuses. Furthermore, the 'financial expert' who has been appointed to supposedly protect taxpayers’ money in Britain’s bailed-out banks is a former trustee of a secretive Liechtenstein bank that facilitated massive tax evasion.
Glen Moreno, who chairs the body that oversees the government’s £37 billion shareholding in the banks, trousered hundreds of thousands of pounds during a nine-year association with the private bank Liechtenstein Global Trust (LGT).
Moreno has been appointed by Puppet Darling as acting chairman of UK Financial Investments (UKFI), which manages the government’s stakes in Royal Bank of Scotland and Lloyds Banking Group. UKFI is also expected to take over the government’s interests in Northern Rock and Bradford & Bingley.
This appointment is supposed to demonstrate the government is serious about protecting taxpayers’ interests.
LGT was specifically named and shamed by Barry the Fake Obama when he was a senator and only last week, Gordon is a Moron criticised offshore tax havens and called for international action to stamp out tax evasion. “Advising the rich to exploit tax loopholes is unpatriotic”, he said.
Vince Cable, the Liberal Democrat Treasury spokesman said yesterday that Moreno’s involvement in LGT raised serious doubts about whether he was fit for the job stating “If this had been the US, he would not have survived the scrutiny process for senior figures who are given public appointments. It speaks volumes about this government’s priorities.” Graham Brady, Conservative member of the Treasury select committee, added “UKFI is responsible for managing the taxpayers’ massive holdings in British banks. It is important that its senior management should have the highest ethical standards.”
LGT became the subject of international scandal last year when a former employee blew the whistle on its dubious practices and passed the financial details of thousands of clients to the German tax authorities. HM Revenue & Customs is reported to have paid £100,000 for the information and said on Friday that it was investigating about 150 British clients of LGT.
The government's press release announcing his appointment detailed his past achievements but found no room to mention his post in LGT.
Bastards ... slimy bastards all over the world!
Glen Moreno, who chairs the body that oversees the government’s £37 billion shareholding in the banks, trousered hundreds of thousands of pounds during a nine-year association with the private bank Liechtenstein Global Trust (LGT).
Moreno has been appointed by Puppet Darling as acting chairman of UK Financial Investments (UKFI), which manages the government’s stakes in Royal Bank of Scotland and Lloyds Banking Group. UKFI is also expected to take over the government’s interests in Northern Rock and Bradford & Bingley.
This appointment is supposed to demonstrate the government is serious about protecting taxpayers’ interests.
LGT was specifically named and shamed by Barry the Fake Obama when he was a senator and only last week, Gordon is a Moron criticised offshore tax havens and called for international action to stamp out tax evasion. “Advising the rich to exploit tax loopholes is unpatriotic”, he said.
Vince Cable, the Liberal Democrat Treasury spokesman said yesterday that Moreno’s involvement in LGT raised serious doubts about whether he was fit for the job stating “If this had been the US, he would not have survived the scrutiny process for senior figures who are given public appointments. It speaks volumes about this government’s priorities.” Graham Brady, Conservative member of the Treasury select committee, added “UKFI is responsible for managing the taxpayers’ massive holdings in British banks. It is important that its senior management should have the highest ethical standards.”
LGT became the subject of international scandal last year when a former employee blew the whistle on its dubious practices and passed the financial details of thousands of clients to the German tax authorities. HM Revenue & Customs is reported to have paid £100,000 for the information and said on Friday that it was investigating about 150 British clients of LGT.
The government's press release announcing his appointment detailed his past achievements but found no room to mention his post in LGT.
Bastards ... slimy bastards all over the world!
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