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[UPDATE 27 June] To use Donald Trump's immortal words .."what the f**k do they think they are doing".. the Secretary of State's latest attempt to further cover-up economic crime.

I missed this one ten days ago, but heaven help the UK economy. https://www.gov.uk/government/news/insolvency-service-to-take-on-the-work-of-the-national-investigation-service Just reread my old posts to find: 1.  Insolvency Service staff take bribes from members and others licensed by the Institute of Chartered Accountants in England & Wales. The latest sackings are just the tip of the iceberg https://www.ft.com/content/6c231a05-acb3-4525-a2d5-2abd2c85632e 2. A Director of the Insovency Service, Mrs Francis Coulson a solicitor at Wedlake Bell, pays/paid money to a serving judge, Stephen Baister , whom she admits stated in public in front of her that Judges try and find a way to favour those whom she and other solicitors represent and whom ICAEW Licenses under her department's delegated authority, and then fails to Regulate. 3. Coulson's department failed to investigate COVID loan scams by her client David Buchler and his son Adam over the Cheltenham Coach station redeve...

Glad to see the Secretary of State is today promoting yet more economic crime in Perfidiouos Albion (well it is probably the only growth industry left in the Sceptred Isle - or No.1 Benjamin Street for that matter) with his aptly named Regulatory Innovation Office so far behind the curve...

 The list of "what Perfidious Albion excels at" is on page 116. https://assets.publishing.service.gov.uk/media/68595e56db8e139f95652dc6/industrial_strategy_policy_paper.pdf Do look out for PwC's droning on about £46bn to be gained from flying white vans. Nowhere does the document recognise that it is the deliberate policy of promoting the ineffectiveness of, and failure to enforce, existing regulation over the last 40 years which is the root cause of our "beloved" Albion's problems. £2,000+ per hour for a EY partner's services rather proves the point - and they have now written to me desperate to buy my share in the Janus Henderson entity now being liquidated (at more than twice the last traded price!) so that I can't hold them or JP Morgan to account for what is only now stated to be a 3 year long process of recovering withholding tax and seemingly very little else. Nice work for the ICAEW "we always turn a blind eye" licensed scammers bec...

I wonder which of Albion VCT scoundrels John Major could have been thinking about today?

Thanks to Politico  MAJOR INTERVENTION:   Britain’s oldest living former Prime Minister John Major lambasted the state of propriety in public life  From bad to worse:  At an IfG event all about standards, Major said Britain faces even more corruption and bad practise than when he oversaw the introduction of the Nolan principles ,,,a  full three decades ago.  He said rotten apples are not held accountable. We Albion shareholders know all about that! https://www.instituteforgovernment.org.uk/event/democracy-we-trust-sir-john-major

Is the lack of Company Law Compliance and related regulatory failings of the Bank of England, the FCA and the LSE to blame for the continuing collapse of Foreign Direct Investment into the UK?

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All the statistics (even published by EY) show the collapse in the UK's standing. Perhaps it is time for someone to get to grips with the problem and clean up the Global Centre of Economic Crime even at the cost of so many job losses at firms of accountants and lawyers. David Bailey - Executive Director of the Bank of England - gave me a personal face-to-face undertaking to look into the QUANTEXA shambles. Anyone heard anything? I haven't. Bailey's Lack of response doesn't surprise me given he was mostly ineffective at the FCA and FSA, and QUANTEXA is "advised" by retired MI5/6, GCHQ and KPMG people (it is a shame QUANTEXA is so useless it still can't even disclose the now 10 registered at Companies House Directors of the company on it's website) and the biggest beneficial interest is held for the Department of Business and Trade that fires its own staff for openly taking bribes from members of ICAEW. No wonder that Albion Capital Group 's fellow ...

"Tomorrow is another day" in the land of Perfidious Albion

  https://albionvct2025agm.blogspot.com/    Do read the Albion Technology "portfolio of investments" analysis on pages 29 and 30 of the accounts for an object lesson in how to evade proper disclosure of "post balance sheet events" and cover up fraud. This has been going on for years in Albion VCTs with all their non-coterminous year ends. Do all Investment Managers lie as much as all the members of Albion Capital Group llp? You only have to look at their admission of outright Tax Evasion in the multiple, in some cases years late, 11 February 2025 filings at Companies House. The soon to be published analysis does rather prove the whole VCT sector is one giant Ponzi Scheme and with the EIS and similar schemes, the case for immediately liquidating all the Listed VCT "reinvested" and "false" dividend scams is plain for all to see. It will save the UK £multi-billions in tax revenue lost to such scams.  Even AI doesn't seem to produce hallucination...

[EDIT 5 JUNE - where were you?] Where will you be tomorrow?

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[UPDATE  5 JUNE]  Worth watching and listening to the Politico replay. https://www.politico.eu/event/in-the-city-we-trust-the-fine-line-between-regulation-and-growth/ My written question at minute 38.10 answered by 3 of the very senior panellists in person after the event with promises to finally investigate the BoE and FCA matters in my flyer. Interesting comment from one of the Parliamentarians "we are all worried about Companies House". All attendees at both this and the LSEG event expressed concerns that the Companies House data is presently useless for AI applications because of inaccuracies and false filings - yesterday morning they said they are 3 weeks behind in processing paper documents .... even those still false ones sent in by FCA authorised fund managers!  For those without a hi-def screen: the 3 questions were: (in reverse order) "As crypto becomes regulated, do panellists see an opportunity to move away from the way things are done, change how oversight w...

[EDIT 4 JUNE] YOU REALLY COULDN'T MAKE THIS UP... (one of the answers to a Quiz question) [UPDATE I am now a shareholder so come along to the AGM on 11 June when the Chair who is also an ex-HINT director will be held to account]

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[EDIT 4 JUNE] On 21 May the self described "Senior Company Secretary" of Frostrow Capital llp (ex Invesco and Gartmore)  wrote to me confirming: " We will arrange for an unredacted copy to be filed at Companies House as soon as we can." What did they do? 2 days later a newly incorporated but claiming to be Dormant Scottish LLP filed a second document omitting the statutorily required document and all references to it altogether! [EDIT. now stated not to be a dormant LLP but not so stated as a subsequent event on prior period accounts filed only 3 months ago]  You really couldn't make this up, but not really a surprise given the Directors' heritage at Janus Henderson et al. Does anyone need more concrete proof of the cynicism and criminal conduct of FCA authorised fund managers than this? The verdict is in: NO FCA AUTHORISED ENTITY, LET ALONE A FUND MANAGER, SHOULD EVER BE COMPANY SECRETARY OF ANY FUND and all existing ones must resign. As for a [NOW REDACTED...

[UPDATE WEDNESDAY 28 MAY] UPDATE THURSDAY 15 MAY] JGGI and HINT Merger - Shareholder Meetings Friday 9 May and Monday 12 May 2025

[UPDATE WEDNESDAY 18 MAY - prior updates retained] At this morning's 9.00am meeting the Chairman refused to let me speak or ask questions. Prior to the meeting I had submitted some questions in writing to which written answers were given to some but not all of the matters. I objected but the Chairman was adamant. The meeting, like the last one, was recorded by agreement. The subject matter of which, if any, of the Chair and another Director of The Association of Investment Companies has correctly applied s593(1)(c) of the Companies Act 2006 in relation to Independent Valuers Reports now moves to the High Court at a hearing on 15 October in CR-2025-000388.  [UPDATE THURSDAY 15 MAY - prior updates retained below] Following the 2 shareholder meetings on 9 and 12 May, a formal complaint has been made to the  Market Integrity Unit in the Primary Market Oversight department of the Financial Conduct Authority requesting that the application for Admission to Trading of the Scheme Shar...

And now it is the turn of Fidelity Investments to sort out their part in the scam... What will Andrew Bailey, Executive Director - Bank of England, have to say in public and in only 12 days time?

Just in from Companies House... yet another request for me to help them!  Dear Mark Hardy Company Number:   07133583 Company Name:     FIDELITY CHINA SPECIAL SITUATIONS PLC Please can you send us an attachment of the report (Independent Valuers Report) to this email, for us to investigate further. Kind regards, [REDACTED] Customer Support 03031234500 IN RESPONSE TO: " The form SH01 of 25 March 2024 does not include the Independent Valuers Report that is stated to be attached. Please will you explain why not and rectify urgently?" https://www.politico.eu/event/in-the-city-we-trust-the-fine-line-between-regulation-and-growth/ Do sign up for the Politico Live event when perhaps Andrew Bailey can explain why he thinks the UK has any regulatory reputation left when he and the FCA still let Evolution Equity Partners claim to be regulated by the Bank of England and the FCA - and receive sheds loads more money from the ever compliant subsidiary of the Department for Business and Trad...

Just published and essential reading (albeit incomplete) exposes the fraud and rubbish being spouted by Quantexa and the Albion VCTs and most other Venture Capital funds, Has Quantexa now lost it's Unicorn status? It certainly has when measured in £Sterling.

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  https://www.beauhurst.com/blog/why-investment-data-varies-beauhurst-pitchbook-dealroom/ I have great respect for Beauhurst (EIS fund raising at the moment and probably a very good investment) but even they don't initially report the complete truth when it is staring them in the face and has been pointed out to them on multiple occasions. An extract of a missive to Albion today proves the point: : Even a primary school maths pupil can add up the actual amounts raised and show Quantexa to be a UK Government (mostly by Rishi Sunak) promoted scam:. Beauhurst Blog:     24 April 2025 £421m   revised down on 15 May 2025 to £281m: a 33% LOSS ACTUAL FIGURE?  £267,813,335 per audited accounts and later filings. THAT IS WHY COMPANY LAW COMPLIANCE IS VITAL. and a lovely quote from a French Farmer this morning: “In this country if you don’t burn cars you don’t get acknowledged,” he said at the rally. “And you get f***ed.” I know the feeling! https://www.politico.eu/ar...