Showing posts with label Barclays. Show all posts
Showing posts with label Barclays. Show all posts

Friday, March 16, 2018

Fakim Digs Heels In, Sues Barclays For Half A Billion Rupees

Not only she didn't resign as PJ had announced but the President has made a couple of fast moves. The first one is to sue Barclays Bank for Rs500m. Fair enough, statements of her infamous credit card were printed in a daily. We learned today that she has instituted a Commission of Inquiry to essentially investigate how Sobrinho got his licences and if she had not behaved properly.

It feels kind of strange for Fakim to ask for a commission to investigate her. What is even weirder is that a President is empowered to appoint a Commission of Inquiry into "any matter of public interest or concern, or into any matter in which an inquiry would be for the public welfare" [see Paragraph 2.2]. Then why didn't she ask for one on the Metro Express and another one on the completely stupid and unpatriotic plan of Collendavelloo to privatise water? Should we also mention that the National Assembly can advise her to revoke the Commission she just appointed [see Paragraph 3.4]?

All eyes are now on the Prime Minister who may use article 30 of our Constitution to institute a tribunal to investigate AGF and suspend her in the meantime with the support of the opposition. 

Monday, July 2, 2012

Barclays Chairman Quits Over Libor-Rigging

Days after his bank was fined GBP290 million. There is pressure for the CEO to resign too. While David Cameron announces a parliamentary inquiry into the scandal. And an insider tells us how it was done in the open.

Banksters in action? Check how Buffet ended up taking over Salomon Brothers 21 years ago.