June 2018
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How I almost saved British taxpayers £45 billion

In 2006, just as Fred Goodwin was building his reputation as a great banker, I reported him to the Serious Fraud Office and the Bank of England. I was passing on information I had received which pointed to Goodwin possibly being responsible for defrauding the creditors of the failed BCCI of more than £50 million. I tried to convince the SFO and the Bank of England that our friend Fred was not a fit person to run a bank.

Naturally, I was ignored. Both the SFO and BoE refused to investigate. A pity really. A little action then could have saved British taxpayers at least £45 billion.

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