I sent a letter to Commissioner Howe requesting the immediate arrest of Bob Diamond under the Fraud Act 2006. You can see it here....
Commissioner Metropolitan Police
Mr Bernard Hogan Howe
New Scotland Yard
Thursday 5th July 2012.
Re Financial Services Authority report into Barclays fixing of Libor and Euribor interest rates.
Dear Commissioner Howe,
I write this open and public letter to make a formal criminal compliant about Barclays former Chief Executive Bob Diamond, his senior management team and other employees who during the period between 2007 and 2009, at the peak of the global banking crisis, fraudulently filed artificially low Libor and Euribor rates resulting in the defrauding of billions of pounds of public money. I believe that these actions constitute serious criminal acts as defined by the Fraud Act 2006.
The potential scale of this criminal act of fraud demands that the MPS Serious Fraud squad, in the interest of justice, immediately secures all relevant evidence and without delay arrest all those suspected of being involved with immediate effect.
The lack of action to date by the MPS Serious Fraud Squad is inexplicable and is sharp contrast to the effort, resources and commitment of the MPS to prosecute individuals alleged to have taken part in the disturbances of August 2011 sparked by the shooting of Mark Duggan.
The vigorous approach adopted by the MPS to arresting suspected rioters and the sloth like response to an extremely serious crime that could potentially affect millions of individuals and companies alike, defrauding them of potentially billions of pounds, illuminates the policing priorities of the MPS. There is, as you know, a body of growing public opinion that believes that there is one law for the rich another for the poor.
It is in the public interest that arrests are made and additional evidence secured quickly if public confidence in the unbiased equal application of criminal law for all citizens regardless of status or wealth is to be regained.
Lord Justice Mansfield in the case of enslaved African seeking freedom James Somerset in 1729 said “ Let justice prevail even although the heavens may fall.”
I urge you to end the prevarication of the MPS on these matters and enforce the law of the land. Yours sincerely
Co Chair of BARAC
Black Activists Rising Against the Cuts UK
Cc Mayor of London