Why did Baker Tilly resign as auditors? They have said absolutely zero on this issue, so far as I can see. The only reason I have seen for that resignation (from anor.) leads me to one conclusion: that they were not satisfied that LFI was merely a nominee holder. The middle ground between legal & beneficial ownership is in Bermuda, as in the UK, that they may hold discretionary mandates for their (alleged) clients. Effectively, that puts LGB in the position previously described by marksp: that of a subsiduary to another entity: furthermore it also means that LFI was the (undisclosed) controlling related party. We must remember "form over substance".
Why were BT not removed from office? That way, they could have requisitioned an EGM to explain to shareholders why that had happened (again, Bermuda follows the UK Cos. Act). Were they effectively so removed and - if so - why did they acquiesce to resigning?
Did BT have evidence to refute the existence or beneficial ownership of the BdB assets? If so - where did the evidence from the Spanish auditors to contradict that come from?
The cash was definitely there when it mattered, there can be zero doubt of that. So who was in a position to ensure that such was the case? And why did that individual effect transactions for CCO when it could so easily have effected them itself?
Where is the dosh J-P?
Oh - and how did the Welds get paid? The Garda are interested to know.
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