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    Comment on Accountability via Transparency. by John Clark.

    StevieBC 23rd June 2019 at 15:35

    "…..He is limited to Bosmans and loanees to improve his squad, and deliver silverware. ..'

    +++++++++++++++

    I wonder does he know and appreciate how financially strapped TRFC Ltd is? Does he know even as much as we on SFM know about the finances, thanks to the efforts of several posters who know about balance sheets?

    Would any one of us apply for a job at Ibrox,  in the knowledge that TRFC  is living from hand to mouth, and faces having to meet some serious damages claims, which might well swallow up such UEFA money that they might receive this coming season?

     

     

    John Clark Also Commented

    Accountability via Transparency.
    Ex Ludo 24th June 2019 at 09:24

    '….I would not be surprised if FIFA get a bit jealous and also build a shiny new symbol of wealth '…

    +++++++++++

    Your post prompted me to have a look ( not that I'm anything other than almost completely financially ignorant!) at FIFA's Annual report for 2018 at this link

    https://resources.fifa.com/image/upload/fifa-financial-report-2018.pdf?cloudid=xzshsoe2ayttyquuxhq0

    They could quite easily afford to blow a couple of hundred million quid on a vanity building project!

    ( I suppose, incidentally, that all the senior bods are covered by some form of directors' indemnity insurance?)

     


    Accountability via Transparency.
    Corrupt official 22nd June 2019 at 20:20

    '..Dead clever these lawyers….'

    +++++++++

    Are we speaking of William McCormick QC, who appeared for  King and Murray ( and TRFC and Rangers Retail) before Mr Richard Millett QC(sitting as a Deputy Judge of the (English) High Court on 22 March 2017?

    Para 28 of the judgment after that hearing has this:

    "Even by this early point it ought to have been obvious to all Defendants that Mr King and Mr Murray's positions as directors of the Company were hopelessly conflicted. On the other hand, the positions of the SDI-appointed directors to the Company's board were more closely aligned with the interests of the Company. It may very well have been the case that the business of the Company relied upon relationships with other entities in the Sports Direct group which were disadvantageous to the Company. That is a point of which Mr King makes much in his evidence, and much was made by Mr McCormick QC in his submissions on behalf of the Defendants. However, even if that were so, it ought not to have disabled the Company's board from seeking to uphold the IPLA and thereby protect its sole asset and revenue stream. The relevant comparator was between an allegedly disadvantageous IPLA and no IPLA at all, and ergo no business at all for the Company. "

    It doesn't seem too clever to me to be defending two members of the Board of Rangers Retail Ltd who, as also being directors of TRFC Ltd, were  acting (via boycott-support and purported termination of the deal that TRFC Ltd has with Rangers Retail ) not in the interests of Rangers Retail [ as they had a fiduciary duty to do] but in the interests of TRFC Ltd. 

    If it ought to have been obvious to King and Murray that they were 'hopelessly conflicted" how much more obvious ought it to have been to 'one of Her Majesty's Counsel, learned in the law'? broken heart

     

     

     

     

     

     

     

     


    Accountability via Transparency.
    My post of 20.15 refers ( the Court proceedings)

    On re-reading I find I did not complete a sentence. It's at this point

    " Mr Duncan: Absolutely, my Lord. I must make the point that what the Pursuer says about Lord Mulholland [ ed: Lord Mulholland stepped down as Lord Advocate in 2016. He was, of course, in office at the time the action against Grier was taken]..

    the end of the sentence is " is outrageous!"

    And Mr Duncan spoke with some feeling when he said that. 


    Recent Comments by John Clark

    Celtic’s Questions to Answer
    Ex Ludo 18th November 2019 at 23:40

    '..Compare and contrast how Dave King was treated by the court in SA as opposed to Mr Antonov in Lithuania.'

    ++++++++++++++

    I'm not entirely sure , Ex Ludo, but I think Lithuania and the  people like you and me that he damaged have  not yet had the pleasure of sticking it to Antonov, as he stuck it to them!

    It looks as if the Russkis jailed him for offences in or against Russia ( where he had presumably gone  rather than to Lithuania who had asked the UK to extradite him!) when he fled from England.  

    Bad cess to him, and worse to those in Scottish Football who have tried to stitch us all up with their ridiculous lies and deceit. 

     

     


    Celtic’s Questions to Answer
    Ex Ludo 18th November 2019 at 18:48

    '..I presume Mr Antonov carried out due diligence into RFC and didn’t like what was uncovered although RFC might have dodged a bullet too.'

    ++++++++++++++++++

    You said it! 

    I've just finished reading the judgment in Antonov's appeal in an English court against the  the UK's decision to accede to the extradition request   made by Lithuania

    you'll find it on this link to Baillii    https://www.bailii.org/ew/cases/EWHC/Admin/2015/1243.html

    After that judgment he skipped bail and got off his mark.

    This is a report in the Baltic Times of  12 March 2019

    Russian court sentences former Latvijas Krajbanka and Snoras co-owner Antonov to 2.5 years in prison

    • 2019-03-12
    • LETA/Interfax/TBT Staff

    Photo: Sanktpeterburg.bezformata.com

    Photo: Sanktpeterburg.bezformata.com

    ST. PETERSBURG – A Russian court on Monday sentenced former Latvijas Krajbanka and Lithuanian bank Snoras' co-owner Vladimir Antonov to two-and-a-half years in prison for defrauding Russian bank Sovetsky.

    The St. Petersburg Vyborgsky District Court convicted Antonov of large-scale fraud.

    The court also ruled that Antonov would have to serve his sentence in a corrective labor colony.

    Antonov pleaded guilty, he was arrested in the courtroom.

    Antonov was arrested in Russia in April 2018. He was charged with misappropriating EUR 2 million from the Sovetsky bank together with several other bank executives.

    According to Lithuanian prosecutor's office, damage caused by suspected criminal activity by Antonov and Raimondas Baranauskas, two former managers and main shareholders of Lithuania's bankrupt bank Snoras, are estimated at around EUR 500 million.

    Lithuanian prosecutors point out that sufficient evidence was collected during the pre-trial investigation to prove the suspects' guilt in committing the crimes.

    Baranauskas and Antonov are likely to be tried in absentia as they are hiding in Russia, which refuses to provide legal assistance to Lithuania.

    The pre-trial investigation into suspected misappropriation of Snoras' assets, fraudulent accounting, document forgery, abuse of office, embezzlement and money laundering was launched in Lithuania back in 2011.

    Snoras' operations were suspended in late 2011.

    Snoras owned more than 60 percent stake in Latvijas Krajbanka, which was ruled insolvent by the Riga Regional Court in December 2011 after it was determined that more than EUR 100 million was missing from Krajbanka."

    They would appear to have better prosecutors furth of Scotland, who can nail these guys good and proper!

    "The court also ruled that Antonov would have to serve his sentence in a corrective labor colony"

    Anybody read Solzhenitsyn's 'One day in the life of Ivan Denisovich'? 

    There are a few folk in Scottish football that deserve a spell in a 'corrective labo(u)r colony.

    In my opinion.And if I could bring it about….devil

     

     


    Celtic’s Questions to Answer
    paddy malarkey 18th November 2019 at 13:53

    '..Designed to mislead , imo.

    ++++++
    Again, precisely.

    The sheer brass-necked gall of it takes your breath away.

    The FCA definitely has a question to answer.

    A  question, I'm beginning to think, they are so far unable to answer because they don't how to deal with the consequences.

    Did they make an honest  mistake, by sleeping at the wheel, making assumptions? or worse, (and God forbid that I should become paranoid!) was there a deliberate averting of eyes in pretty much the same way that the SFA , the SMSM and the BBC averted their eyes?

    Does the hold of Ibrox extend as far as the Regulatory body?

    It certainly seemed that the TOP handled King with kid gloves instead of pushing for him to be locked up. Is the FCA up to its knees in the milk of human kindness?


    Celtic’s Questions to Answer
    "Rangers Tax-Case‏ @rangerstaxcase 1h1 hour ago

    You would laugh if I told you the name of the insolvency practitioners who were originally advising Ellis and Whyte before Whyte took the cheaper option of Duff and Phelps."

    ++++++++++++++++
    Ellis was an insolvency practitioner with Grant Thornton?


    Celtic’s Questions to Answer
    Ex Ludo 18th November 2019 at 10:4

    '…I don’t remember there being any chat of Russian money ..'

    +++++++++++++++++++++++

    I don't either, so I googled the names and there is this 

    https://www.dailymail.co.uk/sport/football/article-1393339/New-Portsmouth-owner-tried-buy-Rangers.html

    Antonov was jailed for two years in March of this year.