It is interesting to compare parliament's current difficulties over expenses with the much maligned un-regulated financial markets. This crisis didn't happen overnight - the chap in charge of the fees office told Michael Martin that there was a problem more than five years ago.
Whilst claiming these expenses isn't money laundering (its more like theft), the general case applies that in banking:
If you assist a money launderer – max 14 years’ imprisonment, a fine, or
Tipping off a money launderer – max 5 years’ imprisonment, a fine, or both;
Failure to Report a money launderer – max 5 years’ imprisonment, a fine, or both
Michael Martin has clearly failed to act upon reports of theft and fraud yet he faces no sanction. So much for bankers taking lessons from politicians.
Thursday, 14 May 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment