Daily Mail: City watchdog flexes its muscles
“McCarthy heralded Shell’s record £17m fine, saying it was four times greater than any previous penalty. He said he wanted to change the behaviour of firms and individuals, suggesting that fines could continue to grow.”
Posted 22 September 2004,
THE boss of City regulator the Financial Services Authority* declared that he intends to make an example of those who break the rules.
But his remarks came as the watchdog suffered a setback in its case for alleged market abuse against Paul ‘The Plumber’ Davidson, which was indefinitely postponed.
FSA chairman Callum McCarthy argued that the FSA should speed up enforcement to send the clearest possible message to would-be offenders.
‘When they are found to have substantially misbehaved, then it should be possible to make an example of them,’ McCarthy told The Financial Regulator magazine.
Davidson’s appeal against a £750,000 fine was due to reconvene yesterday but was called off following a last-minute legal aid request.
His case in the Financial Services and Markets Tribunal is one of three being pursued by the FSA – the other two relate to Legal & General and ousted Shell chairman Sir Philip Watts. McCarthy heralded Shell’s record £17m fine, saying it was four times greater than any previous penalty.
He said he wanted to change the behaviour of firms and individuals, suggesting that fines could continue to grow. His comments come a fortnight after a similar speech made by FSA chief executive John Tiner.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
