Friday, November 20, 2009

Lucky Nick

Very lucky.

It seems that the Electoral Commission has decided that the convicted fraudster Michael Brown did not use his UK company to channel £2.4 million to the Liberal Democrats to get around pesky little things like the law, even though he was the sole director of that company. Brown wasn't able to donate and nor was the parent company, which was based in Switzerland, but the UK arm was legally allowed to donate if it was carrying on business in this country. It appears that it was doing just enough to justify the donation and the Electoral Commission has accepted that the UK company was the proper donor and in control of the disbursement of the funds, even though the emails confirming the transfer from the Swiss parent to the UK indicate that the money transfer was intended as a donation.

I'm sure the defrauded investors feel good about this.

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