Vast frauds at Northern Rock
It emerges from the Parliamentary debate on the
nationalisation of Northern Rock that billions of pounds are to be diverted
away from the intended purpose of preventing a banking collapse, into the
pockets of the Rock’s management. The directors set up a financial institution called Granite, allegedly a charity for handicapped children. Not one handicapped child has seen the colour of their
money. The real purpose of Granite was to act as a scam for
tax-dodging.
