11 Responses to Met Police confirm fraud review into £67.5m Fairfield fiasco

  1. Frank says:

    I think Michael Gove could be taking control over the council within days and it might be the right thing to do. Suspension of council meetings and a delayed budget setting suggests involvement of central government? Maybe I need a tinfoil hat?

  2. In an article on this site dated 2 Sept 2021 it was reported that Ali and Kerswell had told the Municipal Journal that they had turned the Council’s finances around. I commented that if they believed that, they were not fit for office. I stand by that comment and developments have shown that they clearly had little comprehension about the perilous state the Council’s finances were and are in.

  3. You can tell how low Croydon Labour have become by considering that they almost unanimously backed the leadershit (sic) responsible for this mess and then hounded out the only person in their own ranks to confront them with uncomfortable truths; Andrew Pelling.

    To add insult to injury, the silly councillors voted not to employ Grant Thornton again, another act of blaming the messenger for the message.

    If by some chance Val Shawcross does become Mayor, she’d be well advised not to give any jobs to those who, whether by complicity or stupidity, bear responsibility for this unholy mess. That some of them will get re-elected demonstrates how dim their supporters really are.

  4. Kevin Croucher says:

    People can be disqualified from being a company director for unfit conduct. Is there some similar disqualification for local authority employees and councillors? If not, why not?

  5. Anita Smith says:

    If a Council’s auditors fail to sign off that Council’s accounts for 2 or 3 years in a row, what mechanism is in place to escalate an examination of this failure? Surely Grant Thornton had a duty to alert a higher body that something was rotten in the state of Denmark? Why is it only now that we learn of the “missing” 73 million pounds?

    It beggars belief that stories are trickling out, Fairfield Halls and now this disappeared money, and the people responsible are still walking the streets of Croydon, even worse, still attending Council meetings.

    Perhaps the only way forward is to go bankrupt again, have a new set of people move in to run our town, but I would humbly suggest that all the parties involved in this shambles should be closely examined and that includes the Auditors too. One last thought, why did no Government body step in 2 years ago and query why the Auditors failed to sign off our accounts?

    • Dan Kelly says:

      Maybe the big auditors have treated audits as cash cows and lost sight of their ethical duties. Grant Thornton were fined £1.3 million re Interserve in November and £2.3million re Patisserie Valerie in September.
      These are eclipsed by numerous fines paid by PWC!
      I wonder what is being done to supervise these firms’ work.

  6. Kevin Croucher says:

    After all this time it is getting less and less likely that the accounts will ever be signed off. The auditors must be fully aware of what the council’s senior staff have been up to, desperately searching for some financial sleight of hand to hide £73m somewhere in the accounts, and are not having any of it.
    What will happen next? Hunt around some less scrupulous auditors who are prepared to put their name to it? I think Bernie Madoff’s auditor was a one man band working from a shop somewhere.

  7. Lancaster says:

    just what the ‘F’ has Kerswell done, achieved or uncovered in her time ?

    PLEASE tell us.

    Or is she yet another merry-go-round authority waste of space, taking a huge packet and will F-off before the next cock up us uncovered or she is found out for being totally unproductive and useless.

    • Graham Bradley says:

      What difference has she actually made in addressing the urgent repairs needed to Council flats and properties apart from wasting her time on recruiting new overpaid executives to her executive team?

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