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Man bought private jet with borrowed council money (www.bbc.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Leaked documents show businessman went on a spending spree and left a council effectively bankrupt.

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[–] [email protected] 13 points 1 year ago* (last edited 1 year ago) (1 children)

... that's a massive fraud, they extradite for that.

Are you honestly saying I can steal the better part of a billion dollars and hop across the border to Mexico without worry? Because if so I have some life choices to rethink.

The Audit Commission - a spending watchdog that stopped councils taking too many risks - was abolished in 2015.

Again, tories.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago)

Are you honestly saying I can steal the better part of a billion dollars and hop across the border to Mexico without worry?

In other longer articles you find out that it's nowhere nearly a billion. The Solar Farms used to underpin the investments do exist and are productive. They have value in the hundreds of millions of pounds, but its apparently not quite enough to satisfy all of the bonds when they come do in 2025 and 2026.