THE SUNDAY TELEGRAPH: Showdown looms in Watts’s fight with FSA
“The FSA’s notice, published in August, explained why it had decided to fine Shell £17m over the affair. Watts, who was ousted from Shell in March 2004 following the scandal, first complained to the tribunal last September. He claimed that although the FSA report did not refer to him by name, he was effectively identified and prejudiced.”:
Sunday 17 July 2005
By Sylvia Pfeifer (Filed: 17/07/2005)
The bitter dispute between Sir Philip Watts, the former chairman of Shell, and the Financial Services Authority over whether the City regulator violated his rights will come to a head next week.
The Financial Services & Markets Tribunal, which hears appeals against FSA decisions, will hold a preliminary hearing on July 25 on whether the regulator should have given Watts an opportunity to respond before it published its damning findings into Shell’s overstatement of its reserves last year.
The FSA’s notice, published in August, explained why it had decided to fine Shell £17m over the affair. Watts, who was ousted from Shell in March 2004 following the scandal, first complained to the tribunal last September. He claimed that although the FSA report did not refer to him by name, he was effectively identified and prejudiced.
Under Section 393 of the Financial Services & Markets Act, people named in regulatory actions are allowed to view evidence relating to them and make representations before judgments are published.
Watts said in September: “The FSA violated my statutory rights to review and rebut the allegations.” Herbert Smith, his law firm, called the FSA’s investigation “limited” and said it published its findings with undue “haste”.
Following Watts’s complaint, the FSA in October asked the tribunal to decide at a preliminary hearing whether his allegations were valid. If the tribunal rules in the FSA’s favour next week there will be no basis for a full appeal.
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.
