Who's a fraud?
SCANDAL in the City! False markets, rigged prices, £600 million missing! WE NAME THE GUILTY MEN. They are the members of Her Majesty's sanctimo- nious Government, who, when not lectur- ing the City on commercial morality, are parties to the shabby, dangerous and doubtfully legal default which brought down the London tin market. The Govern- ment is a participant (with four per cent) in the International Tin Council. The parent companies of the Council's creditors have stood by their ruined subsidiaries, as was their moral, though not their legal, duty. The Government has failed to stand by its share of the Council's obligations. Instead, it is resisting and obstructing the creditors, while tolerating the Council's attempt to evade its obligations by claiming sovereign immunity in the courts. What about a Department of Trade and Industry inquiry into the Council? Let us see the docu- ments. Let us establish whether it was trading when its members knew or should have known that it was out of its depth. But then, that is the department of state which is responsible for the Council! Robin Mills, director of a creditor company, calls the Government's attitude to fraud in the City 'hypocritical humbug'. It is not too late for ministers to repent and disprove him.
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