When an employee informed the Directors that the Zurich based Parent company and a Mauritius based subsidiary were side tracking client money their response was not what he had expected. When the Directors subsequently sacked him his response was not what they expected.
A Whistle-blower is a person who exposes misconduct, alleged dishonesty or illegal activity occurring in an organisation. Whistleblowing in the UK occurs if an employee makes a Public Interest Disclosure (PID). A PID amounts to a qualifying letter informing superiors in the Organisation of an improper act. The Public Interest Disclosure Act 1998 was intended to protect whistle-blowers from detrimental treatment by their employers.
When I was subsequently made redundant, following a Public Interest Disclosure submission, I took my employer, TAM Asset Management Ltd, to an employment tribunal claiming unfair dismissal on the basis of discrimination due to my whistleblowing.
I hoped that the tribunal would have be a platform whereby I’d be able to expose the concerns I had about my employer. However, the judge made the point that the one and only issue was whether a causal link, between my dismissal and my whistleblowing, could be proved. The Tribunal was not the place to discuss the merits of the actual whistleblowing.
Success in the tribunal would have been the platform I needed but in anticipation of not getting a favourable decision I have drafted this book to be launched on the day of, what I will regard as, the egregious verdict. I have no time to secure a publisher or printer so I am publishing the work on Kindle.
You will be able to read what the court did not want to hear: the side tracking of client funds, the manipulation of lawyers in order for the company’s Directors to have legal cover, against the FSA, and the falsification of a file note sworn under oath to be true. Furthermore, you will be able to read about the inadequacy and failing of the FSA to act in relation to my employer side-tracking client funds with the assistance of an offshore subsidiary company. Another indictment on the failed regulator.
Meanwhile its replacement, the Financial Conduct Authority (FCA), to date, doesn’t seem to be addressing the matter. If TAM Asset Management engineered a method to side track client funds you can bet other Asset Management Companies are doing the same. This is potentially the next financial scandal to hit the City of London.
The main imperative of this book is to impart information thus the minimum £1.49 charge. I hope that you find the reading as enjoyable as I believe it to be informative. I agonised over whether I should have placed a glossary at the back to explain the financial terms instead of including it in the narrative, as I have. Whatever I did could not have pleased everybody. Talking of which, I don’t expect this book to please everybody. In the UK £700 billion is held under discretionary management. If just half of one per cent is being side-tracked that would amount to £3.5 billion.
A Whistle-blower is a person who exposes misconduct, alleged dishonesty or illegal activity occurring in an organisation. Whistleblowing in the UK occurs if an employee makes a Public Interest Disclosure (PID). A PID amounts to a qualifying letter informing superiors in the Organisation of an improper act. The Public Interest Disclosure Act 1998 was intended to protect whistle-blowers from detrimental treatment by their employers.
When I was subsequently made redundant, following a Public Interest Disclosure submission, I took my employer, TAM Asset Management Ltd, to an employment tribunal claiming unfair dismissal on the basis of discrimination due to my whistleblowing.
I hoped that the tribunal would have be a platform whereby I’d be able to expose the concerns I had about my employer. However, the judge made the point that the one and only issue was whether a causal link, between my dismissal and my whistleblowing, could be proved. The Tribunal was not the place to discuss the merits of the actual whistleblowing.
Success in the tribunal would have been the platform I needed but in anticipation of not getting a favourable decision I have drafted this book to be launched on the day of, what I will regard as, the egregious verdict. I have no time to secure a publisher or printer so I am publishing the work on Kindle.
You will be able to read what the court did not want to hear: the side tracking of client funds, the manipulation of lawyers in order for the company’s Directors to have legal cover, against the FSA, and the falsification of a file note sworn under oath to be true. Furthermore, you will be able to read about the inadequacy and failing of the FSA to act in relation to my employer side-tracking client funds with the assistance of an offshore subsidiary company. Another indictment on the failed regulator.
Meanwhile its replacement, the Financial Conduct Authority (FCA), to date, doesn’t seem to be addressing the matter. If TAM Asset Management engineered a method to side track client funds you can bet other Asset Management Companies are doing the same. This is potentially the next financial scandal to hit the City of London.
The main imperative of this book is to impart information thus the minimum £1.49 charge. I hope that you find the reading as enjoyable as I believe it to be informative. I agonised over whether I should have placed a glossary at the back to explain the financial terms instead of including it in the narrative, as I have. Whatever I did could not have pleased everybody. Talking of which, I don’t expect this book to please everybody. In the UK £700 billion is held under discretionary management. If just half of one per cent is being side-tracked that would amount to £3.5 billion.
