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Post by spitthedog on Jul 31, 2023 21:58:10 GMT
linkHow the hell can this be allowed to happen? I would be going crazy if this went on my town! A businessman cheated a council out of tens of millions of pounds and went on a spending spree with the cash, an investigation has discovered.
Leaked documents reveal how Liam Kavanagh used Thurrock Council's money to buy luxury goods, including a yacht and a private jet.
The council has been made effectively bankrupt after investing £655m in Mr Kavanagh's solar farm business.
Mr Kavanagh's lawyers say all the payments were permissible.
They say they were approved by his company's finance team and auditor.
Thurrock is one of a number of councils that have got into financial difficulties since the coalition government gave local authorities more freedom to raise funds and invest in 2011.
Woking, Slough and Croydon have all been forced to stop all non-essential spending after losing public money on risky investments.Someone has to be held responsible for this surely? Why are councils allowed to gamble with our money?
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Post by marylandstoke on Jul 31, 2023 22:50:46 GMT
linkHow the hell can this be allowed to happen? I would be going crazy if this went on my town! A businessman cheated a council out of tens of millions of pounds and went on a spending spree with the cash, an investigation has discovered.
Leaked documents reveal how Liam Kavanagh used Thurrock Council's money to buy luxury goods, including a yacht and a private jet.
The council has been made effectively bankrupt after investing £655m in Mr Kavanagh's solar farm business.
Mr Kavanagh's lawyers say all the payments were permissible.
They say they were approved by his company's finance team and auditor.
Thurrock is one of a number of councils that have got into financial difficulties since the coalition government gave local authorities more freedom to raise funds and invest in 2011.
Woking, Slough and Croydon have all been forced to stop all non-essential spending after losing public money on risky investments.Someone has to be held responsible for this surely? Why are councils allowed to gamble with our money? Come friendly bombs and fall on Slough. |
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Post by wannabee on Aug 1, 2023 1:44:36 GMT
linkHow the hell can this be allowed to happen? I would be going crazy if this went on my town! A businessman cheated a council out of tens of millions of pounds and went on a spending spree with the cash, an investigation has discovered.
Leaked documents reveal how Liam Kavanagh used Thurrock Council's money to buy luxury goods, including a yacht and a private jet.
The council has been made effectively bankrupt after investing £655m in Mr Kavanagh's solar farm business.
Mr Kavanagh's lawyers say all the payments were permissible.
They say they were approved by his company's finance team and auditor.
Thurrock is one of a number of councils that have got into financial difficulties since the coalition government gave local authorities more freedom to raise funds and invest in 2011.
Woking, Slough and Croydon have all been forced to stop all non-essential spending after losing public money on risky investments.Someone has to be held responsible for this surely? Why are councils allowed to gamble with our money? Come friendly bombs and fall on Slough. "You don't solve town planning problems by dropping bombs all over the place." |
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