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Willing to listen not frightened to speak.

Sunday 6 March 2011

Andy the other Mandy, and RBS.

 As Prince Andy is coming under increased criticism for his relationship with convicted paedophile Jeff Epstein and may have to evoke diplomatic immunity rights to stop being questioned by US investigators  what  seems to have been missed by the media  is his close links with the Abu Dhabi royal family.
His old flame and saviour of Barclays has turned up again on the cover of a property magazine being described as the £100m woman and Dubai's golden girl apparently not only can she buy Banks for the rich Sheiks of the UAE but it seems she is a dab hand at buying them property too .
In an article  published in 2008 in the Times she is reported to have netted £40m commission on the Barclays deal and a further £10m on the purchase of Manchester City FC both for Mansour Bin Zayed.
"It would not matter if I was making £8m or £200m . I just want to go to bed at night and say I've done a good job", says the former model and business partner of the one time Minister of  Fun.
Now I have to take my hat off to her as it was not so long ago she was facing financial dramas that would make Fergie look like an amateur. What is interesting to note is what was Andy's role if any in introducing her to his Arabian friends and what remuneration if any did he receive?
Now I only ask as it transpires that the Abu Dhabi lot not knowing what to do apart from throwing parties with and without Camels (one last night for example in SW quelque chose) usually attended by more "artistes " than Silvio could have ever handled in his lifetime are now rumored to be using their investment arm to eye a stake in the Royal Bank of Scotland which is 83% owned by the British taxpayer.
 With no money left in the government coffers I can see how tempting it might be to relieve the Emarartis of money they have purloined from the back of hard working expatriates..
Amazing that not only have they been buying lawmakers and  properties on both sides of the Atlantic but they are regarded as fit to own British institutions as well as football teams. It seems there were no lessons learnt from the Abu Dhabi owned Bank of Credit and Commerce International (BCCI).
It makes a mockery of compliance regulations as the UAE has zero adherence to the rule of law or to universally held principles of human rights.
When we are living in an age of no secrets thanks to Assange and others it will only be a matter of time that it will become obvious who got what, when and why.
Let's hope all sides do the right thing soon otherwise there could be egg on a lot of faces.       

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