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 Subject: RE: Its a small world
 
Author: Law School Fresher
Date:   11/22/2001 8:37 am WEDT
Thank you Solomon Green. A few further queries

>Ex Cllr Razzall failed to declare his interest in Cala some years ago when that company was developing a £2.5 million property in Teddington. Afterwards he said that neither he nor his wife held more than 1/2% of the capital of Cala. 1/2% of the company was worth, at that time, £500,000.

Is that a mistake. If 1/2% was worth £500,000 then the whole was worth £100 million ?

>You can look this up in the Council Minutes where the matter was raised and where his friends ruled that it was up to an individual Councillor as to whether he wished to declare an interst or not.

Are there not national guidelines on these matters ?

>His relationship with LET and the Beckwith brothers is more tenuous but John Gunn, the Beckwiths' associate in developing Riverside Rackets Club, was responsible for injecting a large sum of money into Razzall's company Abaco at a price substantially higher than the then market value, which had the effect of saving that company and adding considerably to the ex-councillor's worth.

Is the cash-injection a matter of public record ? Are you suggesting any illegality here ?

Law School Fresher
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