Collapsed bank First London may face legal action over sale of assets prior to administration

Tim Yeo of England if facing legal charges for selling his parts of his bank First London for a fraction of the cost before the bank collapsed. The prosecution are having trouble digging up dirt on the matter because the company hid all evidence of their legal crimes very well. The bank First London is refusing to co-operate with investigators in the case. They say that they did not sell the shares for the company under priced because of imminent down fall.

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Collapsed bank First London may face legal action over sale of assets prior to administration

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