iSoft trial: The Daily Mail

Discussion in 'Bulletin Board ARCHIVE' started by S.M., Apr 13, 2012.

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  1. S.M.

    S.M. Well-Known Member

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    S.M., Apr 13, 2012
    #1
  2. Redstar

    Redstar Well-Known Member

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    Redstar, Apr 13, 2012
    #2
  3. Young Nudger

    Young Nudger Well-Known Member

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    Young Nudger, Apr 13, 2012
    #3
  4. She

    Sheriff Well-Known Member

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    Not excused from prosecution, as such, but his trial will take place separately at a later date.
     
    Sheriff, Apr 13, 2012
    #4
  5. Con

    Conan Troutman Well-Known Member

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    I doubt they will put a sick man in prison for a crime like this.
     
    Conan Troutman, Apr 13, 2012
    #5
  6. Brush

    Brush Well-Known Member

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    Good old Daily Mail

    Pronounced guilty before the defence has had a chance to put its case.

    Is it possible to get a fair trial in such cases with newspaper reporting like this?
     
    Brush, Apr 13, 2012
    #6
  7. Young Nudger

    Young Nudger Well-Known Member

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    I'm not bothered if they put him in prison as long as he keeps his money

    hehehe !!!

    Only joking
     
    Young Nudger, Apr 13, 2012
    #7
  8. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

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    Millionaire: Peter Cryne (sic)

    The Mail cant even get his name right so why do we believe anything else in that report

    Also I notice they are reporting the prosecution case - bet they dont cover the defence.

    I do remember one court case I actually knew the full story of and the report in the press of the prosecution (incorrectly) made it seem a clear case of an offence being committed.

    The defence easily convinced the court that they hadnt been told the whole truth by the prosecution and the case was dismissed - this wasnt reported in the media at all

    I have genuinely no idea whether the iSoft directors are guilty or not but I doubt reading the Daily Mail will help me decide
     
    Farnham_Red, Apr 13, 2012
    #8
  9. Redstar

    Redstar Well-Known Member

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    But the DM article implies he turned up on day one?
     
    Redstar, Apr 13, 2012
    #9
  10. Durkar Red

    Durkar Red Well-Known Member

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    Its a bit odd that the FSA are saying the external auditors were misled, it would have only taken a phone call to the Irish commissioning group to find out when the contracts were finalised, it allegedly didn't take Deloittes very long to find out ,when iSoft was taken over.
     
    Durkar Red, Apr 13, 2012
    #10
  11. andytyke

    andytyke Administrator Staff Member Admin

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    andytyke, Apr 13, 2012
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  12. Dan

    DannyWilsonLovechild Well-Known Member

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    I think it's going to be hard to prove. The question is intent. And thats intent at the time.

    At the time the auditors probably looked at the revenues and considered them appropriate for the value of the contracts (it is their job to test anything within materilaity relating to cut off of income), in hindsight as the project fell apart it looks more suspicious and with the passage of time, it looks more suspicious.

    The proof will have to show they knowingly accounted for that income and colluded to keep the city and shareholders in the dark and that they knew the accounts weren't accurate and benefitted accordingly.

    I think its fair to say most directors of a PLC would be happy reducing their shareholding for profit at a time when they thought the company was at the top of its game.
     
    DannyWilsonLovechild, Apr 13, 2012
    #12
  13. Micky Finn

    Micky Finn Well-Known Member

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    Re: Dosen't look good.......lets just hope PC comes through it OK

    I think everyone's aged a bit after this bloody season...
     
    Micky Finn, Apr 13, 2012
    #13
  14. dreamboy3000

    dreamboy3000 Well-Known Member

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    Re: Dosen't look good.......lets just hope PC comes through it OK

    I like how the article can't accept comments for legal reasons but it's ok for us to talk about the case on here :D
     
    dreamboy3000, Apr 13, 2012
    #14
  15. Wat

    Watcher_Of_The_Skies Well-Known Member

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    The prosecution makes the opening statement. Hence the reporting. Legal procedure.
     
    Watcher_Of_The_Skies, Apr 13, 2012
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  16. Mon

    Monkey Boy Member

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    Surely a companies value at any time is based on current wealth - And its future turnover?

    Isnt this what every big company does when its dealing with shares?

    They gained a contract worth a billion pounds, then sold the company to a firm who couldnt fullfill the terms of the previously agreed contract, morally wrong defo, legally wrong, i cant see how they can be guilty.
     
    Monkey Boy, Apr 13, 2012
    #16
  17. Redstar

    Redstar Well-Known Member

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    The sale of the company came later I think. This relates to selling of shares in the company whilst they were at a high price. The issue is why the price was high and was it high becaus etehy deliberately misled the Stock Exchange.
     
    Redstar, Apr 13, 2012
    #17
  18. Mrs

    MrsHallsToffeerolls Well-Known Member

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    Cnuts could have put a picture of Burnley FC.
     
    MrsHallsToffeerolls, Apr 13, 2012
    #18
  19. Brush

    Brush Well-Known Member

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    Fair enough

    but the report states the prosecution's case as if it were fact and the in the very last line of the article slips the word "alleged" in and mentions in passing that what they said earlier is just the prosecution's case. Proper reporting would START by saying that the prosecution case is.......
     
    Brush, Apr 13, 2012
    #19
  20. Tyk

    Tyketical Masterstroke Well-Known Member

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    Tyketical Masterstroke, Apr 13, 2012
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