PPI - Proper Investigation and Prosecutions Needed

[James B 1957]

PPI was frequently (but not wholly) sold to parties who had little or no use for it. The fact that massive levels of dishonesty were being perpetrated was ignored for many years - banks profits and bankers' bonuses were engorged as a result.

 

The PPI scandal (mis-selling is not the correct word for a large part of it) was going on for too many years for it not to be know about at all levels of the banks. In allowing to go on there is at least an argument that there has been consipracy to defraud by senior management in conjuction with their own banks. This would not be an easy prosecution - but even an investigation of serious degree will really make those involved and those now involved realise that they cannot escape the full attention of the law. At present the contrary is believed - namely the banks are too big to fail and bankers too powerful to be prosecuted. We really must make the effort and try to get the senior perpetrators.

 

This resolution states:

 

 

• 
  
  • PPI has cost the tax payer perhaps ten billion pounds
    
  • No criminal investigation has been conducted
    
  • No one has been prosecuted
    
  • The SFO has indicated it does not wish to examine the issues
    
  • Such a major failure merits a proper criminal investigation
    
  • Even if ultimately the investigation fails it will signal intent to pursue white collar criminals as far as can be done when they steal from the public
    
  • We therefore call for proper resources to be made available to investigate PPI and where there are associated conspiracies to defraud.
    

[Conniff]

Welcome James

 

 

Have you put a petition on the Governments website ?

 

http://epetitions.direct.gov.uk/petitions/check

[James B 1957]

I have but now the site wont let me put a linl on since I have not had more than ten posts!

[Conniff]

If you want to spell it out james, I will make it into a link for you

[James B 1957]

If you want to spell it out james, I will make it into a link for you

 

 

 

http://epetitions.direct.gov.uk/petitions/45429

 

MANY THANKS - WD LOVE TO SEE SOME ACTION ON THIS!!!

Edited February 6, 2013 by ims21

[ims21]

Conniff has probably had an early night so I've done it for him. Link is now in post #5