Lxxx Posted November 28, 2013 Share Posted November 28, 2013 A follow up will probably contain " lessons have been learned we move on" and " No individual to blame " This is actually easier than bullshit bingo ! My god this shower are even more contemptuous of other peoples money than even I imagined !! Which begs the question what did you imagine in the first place? Link to comment Share on other sites More sharing options...
Andy Onchan Posted November 28, 2013 Share Posted November 28, 2013 My god this shower are even more contemptuous of other peoples money than even I imagined !! Spot on +1 Link to comment Share on other sites More sharing options...
Lost Login Posted November 28, 2013 Share Posted November 28, 2013 Problem with a report like this is that the 3 members who sat are all members of various govt departments and herefore part of Govt. Even if they are acting totally independently it unfortunatly does make it all seem a little bit cosy. I have read the report in full, although not the attached evidence and it does appear that the report pulls a few punches. Link to comment Share on other sites More sharing options...
asitis Posted November 28, 2013 Share Posted November 28, 2013 Imo some interesting legal aspects of what the report says, never mind what it does not say. For instance if the Government acted outside of its legal powers in respect of using other peoples money, then where does that leave them ? Have they " treated the property as their own when not entitled to do so " very grey area !! part of the theft act. What if a taxpayer or taxpayers makes a complaint regarding the unlawful use of public money ? Perhaps we should get our AG to opine ! Link to comment Share on other sites More sharing options...
Roger Mexico Posted November 28, 2013 Share Posted November 28, 2013 So in summary "We think DED broke the law, so we'd better change the law so they can do whatever they want". Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 28, 2013 Share Posted November 28, 2013 "the Government acted in a manner which stretched its powers to the limit–and, we think, beyond" If the Minister is the Department, is the CM the Government? Link to comment Share on other sites More sharing options...
GD4ELI Posted November 28, 2013 Share Posted November 28, 2013 Well they did have a difficult decision to make. Were the Sefton Group to close who in their right mind would buy the assets? Despite often comparing most of those involved to the Muppet Show I do think this was the right decision, albeit not taken professionally. with you been a shareholder. it comes as no surprise that you support this decision Years ago an Aussie business consultant mate (IMD degree) warned me about GFL. 'Nuff said... Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 28, 2013 Share Posted November 28, 2013 Re: The Minister "We do not think that his approach is appropriate and believe that he should have been able to provide a more coherent link to the legal powers which he was using than he was able to do" Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 28, 2013 Share Posted November 28, 2013 Mr Teare: "There was not a unanimous view [in Treasury], I think is the best way of putting it" Link to comment Share on other sites More sharing options...
Moghrey Mie Posted November 28, 2013 Share Posted November 28, 2013 Well they did have a difficult decision to make. Were the Sefton Group to close who in their right mind would buy the assets? Despite often comparing most of those involved to the Muppet Show I do think this was the right decision, albeit not taken professionally. with you been a shareholder. it comes as no surprise that you support this decision Years ago an Aussie business consultant mate (IMD degree) warned me about GFL. 'Nuff said... A new management team took over in January 1982. Graham Ferguson Lacey, 33, chairman and chief executive officer of NCC Energy, took on the same titles at Simplicity. Six of Lacey's allies also joined the board. Lacey's Simplicity decided to pour cash into a gold-mining project in Australia - a Waltons Bond venture - and to buy $25 million of notes issued by a Waltons Bond-controlled mining company. This would be good for Waltons Bond, which needed cash. It would not be good for Simplicity. Then the deals unraveled. Simplicity's small stockholders, worried about the drain of assets, filed suit April 30 of that year to block the actions. This was self-dealing, served only the personal interests of the defendants and constituted fraud, the suit said. The board had been checkmated. Been around since before 1982/google GFL and Simplicity Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 28, 2013 Share Posted November 28, 2013 "officers recall that the legal adviser was not called upon to offer opinion within the Council meeting on the vires of the specific loan or property agreements" Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 28, 2013 Share Posted November 28, 2013 "If the Committee reports that the vires is doubtful, it will need careful handling by us all. This may be a major issue. May the Committee see the legal advice given about the powers under which the Government could act?" Isle of Man. Giving you freedom to flourish Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 28, 2013 Share Posted November 28, 2013 "The Department of Economic Development approached the requests received from the Sefton management team without recourse at that time to any specific legal advice about this particular case" Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 28, 2013 Share Posted November 28, 2013 "it was only when Mrs Beecroft MHK specifically raised the matter of vires by placing a question on the House of Keys Question paper dated 23 April 2013 that legal clarification was obtained by DED" Link to comment Share on other sites More sharing options...
Donald Trumps Posted November 28, 2013 Share Posted November 28, 2013 Cripes, what a cavalier approach to government... Link to comment Share on other sites More sharing options...
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