Wonga escapes criminal action over letters scandal

first_imgPolice will not bring any criminal charges against payday lender Wonga over the ‘fake firms’ scandal that has cost it millions of pounds.The company was ordered to pay £2.6m in compensation last summer to around 45,000 customers who had received letters apparently from law firms.Financial Conduct Authority investigators found letters were sent to customers under the names ‘Chainey, D’Amato & Shannon’ and ‘Barker and Lowe Legal Recoveries’. Neither firm existed.The matter was referred to the City of London Police, but its economic crime team today confirmed no further action will be taken.The police statement says: ‘The central allegations were that Wonga had deceived its customers by sending letters falsely purporting to be from lawyers with the aim of recovering outstanding debts from customers.‘After a thorough review of all the material gathered the City of London Police has concluded there is not sufficient evidence to progress a criminal investigation.’The issue came to light in 2012 when the Office of Fair Trading met with the City police force to consider an investigation into Wonga’s debt-collection practices. The decision taken at that time was the most appropriate course of action was for the OFT to continue its own investigation.In April 2014 the OFT closed and the FCA, which had taken on the regulatory responsibility regarding consumer credit, entered into discussions with Wonga and secured compensation for the customers affected.Once this matter was concluded the City of London Police agreed it was in the interests of the public to review further material that had been obtained both during the FCA discussions and after the original OFT referral in 2012 to assess whether a criminal investigation was now viable.By November, Wonga said 25,000 customers had been contacted, with the vast majority accepting the compensation offer.last_img read more

Barbados PM sends reparation letter to Britain for Caricom

first_imgBarbados Prime Minister Freundel Stuart Caricom prepared to take Britain to court over reparationsThe 15-member Caribbean Community (Caricom) countries have sent a formal letter of complaint to Britain seeking reparation for slavery.The letter, which was written by Barbados Prime Minister Freundel Stuart and sent to the British Foreign Office, calls on London to formally acknowledge the region’s demands for payment for the transatlantic slave trade.Caricom has said it will not release the contents of the letter, which was sent last week by Stuart — who is the chairman of the Caricom subcommittee on reparations — until there is a reply by the British Prime Minister David Cameron.But Caricom has warned that it is prepared, as its next option, to take the matter to the International Court of Justice (ICJ) in The Netherlands for a ruling. The regional grouping says it prefers a negotiated settlement of the matter.Last October, on an official visit to Jamaica, Prime Minister Cameron acknowledged the “wounds of slavery run very deep” but avoided speaking on the issue of reparation as he addressed a joint sitting of the Parliament.Cameron, the first British Prime Minister to visit Jamaica for the last 14 years, said the slave trade was one “from which history has drawn the bitterest of lessons”.“That the Caribbean has emerged from the long, dark shadows that it casts is testament to the resilience and spirit of its people. I acknowledge that these wounds run very deep indeed, but I do hope that as friends, who have gone through so much together since those darkest of times, we can move on from this painful legacy and continue to build for the future,” Cameron said in his only remarks to the transatlantic slave trade,“ Cameron said.But former Jamaica Prime Minister P J Patterson criticised Cameron for seeking to “trivialise and diminish the significance of 300 years of British enslavement of Africans”.In an open letter to the British leader, Patterson said the slave trade is still “a most heinous crime against humanity — a stain which cannot be removed merely by the passage of time”.Last month, Sir Hilary Beckles, who chairs the Caricom Reparations Commission, said Caribbean countries were not looking for “handouts” as a result of its call for reparation for the slave trade.Professor Beckles, who is also Chancellor of the University of the West Indies (UWI), told a public lecture on Reparation organised by Oxford University, that a suggestion by European countries that ‘they have now moved on… sorry it is a closed chapter there is nothing to discuss” does not negate the call for compensation.The Caribbean countries say they will allow “a two-year period to elapse” before formally taking the matter to the World Court for adjudication.Leaders have already hired a British law firm, which won payment for Kenyan tribesmen, to represent their case both to the British Government and to the court.last_img read more

Outgoing Assembly Members Honored

first_imgAsm. McClure(E. Pen): “It’s been an interesting evolution. This is like a family, but it’s not like a real family, because it’s a family that comes and goes. It’s a fluxing family and you’re well represented as a Borough.” After last week’s election and yesterday’s tally of the absentee votes, K-Beach will now be represented by Gary Knopp, the South Peninsula seat goes to Willy Dunne and the East Peninsula seat goes to Brandii Holmdahl. KPB Mayor Navarre: “This is their last meeting on the Assembly. I want to say thank you on behalf of the residents of the Kenai Peninsula Borough. I think a lot of people don’t really recognize and appreciate how much work goes into being on the Assembly. You’ve done a great job.” Outgoing East Peninsula Assemblywoman Sue McClure reflected on the changes during her two terms… FacebookTwitterEmailPrintFriendly分享Three Kenai Peninsula Borough Assembly members were honored last night as Borough Mayor Mike Navarre said farewell to Mako Haggerty, Sue McClure, and Kelly Wolf. Asm. Bagley: “It is amazing how it always changes. We had a great group this year, a lot of fun, a lot of joking and I really appreciated that. Maybe not some of the tension I’ve seen in past assemblies and it definitely makes your time here a lot more enjoyable when you like coming to the Assembly meetings.” Assembly President Dale Bagley agreed…last_img read more