Submitted on Tuesday 15th October 2013
Published on Wednesday 16th October 2013
Current status: Closed
Closed: Thursday 16th October 2014
Signatures: 4
Tagged with
British ~ Cabinet ~ Parliament ~ Royal ~ Tax
Investigate the undervaluation of Royal Mail
Parliament should seek damages against the banks (Goldman Sachs, UBS, Barclays and Bank of America Merrill Lynch) that handled privatisation of the Royal Mail for failing their fiduciary duty to undertake a fair valuation of the company. Their negligence has cost the British tax payer over £1bn at prices on 15 October 2013.
Furthermore the Serious Fraud Office should launch an investigation into whether any criminal charges can be brought against those responsible, including members of the Cabinet.
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