Fall of a tarnished grandee
Article Abstract:
Sir Edward Du Cann used to be chairman of the Conservative Party, the 1992 Committee, the Public Accounts Committee, Keyser Ullman merchant bank and Lonrho, his salary for the Lonrho job being 410,000 pounds sterling a year, but he was declared bankrupt in Mar 1993. He was also at one time managing director of the successful unit trust company Unicorn Securities. In 1973 he authorised a loan by Keyser Ullman of 17 million pounds sterling to entrepreneur Christopher Selmes, 28, but Selmes fled leaving the debt. Sir Edward resigned and never quite recovered from this loss. Capital gains tax demands relating to his sale of Cannon Assurance shares broke him.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1993
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German on four charges in bank fraud inquiry
Article Abstract:
An international banking fraud investigation has led to the arrest of 10 people, nine of whom have been released on bail while further investigations are undertaken. Charges have been brought against German national Gerhard Werner Martens, who is accused of dishonestly obtaining property to the value of $622,500, and further charges are expected to follow. It is believed that a number of people, mainly Germans, were persuaded to make investments in companies registered in the US, although the fraud has now been traced to the quiet British seaside town of Torquay.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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Return of the grouse on the Welsh hills of Pale Moor
Article Abstract:
Conservationists and supporters of field sports are currently working together to bring about the return of the red grouse across a large area of heather moorland in Wales. The Welsh Grouse Project is centred around Pale Moor in Gwynedd, where there are currently no grouse. It is believed that allowing the returning grouse to be shot for sport will bring in money which will in turn assist conservation work.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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