OccupyLSX has established the Occupy Criminal Investigations Unit (OCIU) with an initial view to collect evidence of financial crimes, war crimes, family law crimes and house repossession crimes.
The initiative was inspired by the visit of Law of Opposites author Gordon Kerr to the steps of St. Paul’s last month, wherein the speaker sought to highlight the systematic abuse and failure of the banking system and discuss his efforts to challenge the crimes of banks at the heart of the global financial crisis and the Financial Services Authority in its capacity as the regulator. Kerr subsequently invited OccupyLSX representatives to attend a select committee in Parliament on the topic of ‘illusory profits’ in the financial sector, during which he expressed support for the concerns of activists.
Facilitated by the Private Prosecution Service, the OCIU is calling for the FSA to provide information on: any action taken by the regulator regarding a reported £19-25bn ‘black hole’ in the accounts of the Royal Bank of Scotland; how and why the regulator has permitted excessive internal bonus payments within banks that are majority owned by UK taxpayers – and what measures are being taken to investigate these concerns; whether the regulator will co-operate with OCIU on investigation and accountability charges within a forward-thinking solutions environment; and whether the regulator will act under its statutory duties.
These requests follow an initial meeting between OccupyLSX representatives and the FSA, with calls for these concerns to be addressed during a second meeting, wherein the OCIU intends to provide evidence of criminal accounting fraud and breaches of the companies act by the Royal Bank of Scotland.
The OCIU will be hosting a one-day conference at the Bank of Ideas covering the areas of crime it is examining on the 7th January.
By Mark Kauri
This is really fantastic news. Holding the regulator to a higher standard by perpetual pressure may change the Fundamentally Supine Authority into something that actually protects taxpayer interests. It is the culture of regulation that stops regulators being independent of the entities they regulate and this is an inroad into that culture.
This is excellent news.There was footage of Gordon Kerr speaking.Will this be available to view in the future?
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