Financial Times: Former Shell boss Watts loses case against FSA
“The judgement by the Financial Services and Markets Tribunal, which concerned an FSA penalty notice against the company itself, came as Sir Philip faces a separate investigation into his own conduct and vowed to keep fighting to clear his name.”
Tuesday 13 September 2005
By Barney Jopson
Published: September 13 2005
The Financial Services Authority was on Tuesday celebrating a legal victory over Sir Philip Watts, former chairman of Royal Dutch Shell, after a tribunal ruled the regulator had not prejudiced him during the oil company’s reserves scandal.
The judgement by the Financial Services and Markets Tribunal, which concerned an FSA penalty notice against the company itself, came as Sir Philip faces a separate investigation into his own conduct and vowed to keep fighting to clear his name.
The City watchdog welcomed the result, with lawyers saying it had removed the threat of FSA investigations into companies being delayed significantly by new concerns over the rights of executives.
But speaking through his solicitors Sir Philip maintained he had acted properly.
“Sir Philip continues to believe that the FSA’s factual findings in the Final Notice against Shell are flawed. Sir Philip acted properly and in good faith at all times,” said Herbert Smith, the law firm.
It added: “He will continue his fight to clear his name and believes that he will be vindicated if any proceedings are instituted against him.”
Sir Philip had argued that his reputation was unfairly impinged by the Financial Service Authority ruling last year that the company, now called Royal Dutch Shell, had engaged in ”unprecedented misconduct” that resulted in market abuse, for which it was fined £17m ($31.06m).
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.
