NI Presbyterian mutual society, Short of funds for withdrawal?

goodbyepci

http://www.bbc.co.uk/news/uk-northern-ireland-16628931

BETRAYED

Listing for Belfast High Court Thurs 26 Jan.
09:45 COMPANY DIRECTORS DISQUALIFICATIONS 10/146713 IN THE MATTER OF THE PRESBYTERIAN MUTUAL SOCIETY LIMITED IN ADMINISTRATION AND IN THE MATTER OF THE COMPANY DIRECTORS DISQUALIFICATION (NORTHERN IRELAND) ORDER 2002

freddiemae

http://www.bbc.co.uk/news/uk-northern-ireland-16755908

Looks like the "soft" targets are not taking it lying down.

20 directors should equal 20 disqualifications

BETRAYED

freddiemae wrote: »

http://www.bbc.co.uk/news/uk-northern-ireland-16755908

Looks like the "soft" targets are not taking it lying down.

20 directors should equal 20 disqualifications

Remember different directors may have had different responsibilities. Some of them must have had the responsibility of approving loans.

Lakeland

PMS Annual report 2007: Chairman's Report (page 3): Final paragraph
" The Loans Committee, which considers borrowers' applications, has been reconstituted, with new members bringing to it fresh skills and expertise. I want to thank those members of it in the past who spent many long hours making sure that the money of the Society was safely and carefully used and thank our new members for their willingness to act.

PMS Annual report 2008: Chairman's Report (page 5) fourth paragraph.
" He took charge of internal auditing and was also an indispensable member of our Loans Committee"

We learn therefore there was a Loans Committee, and an internal audit committee.

Where does Moore Stephens, Chartered Accountants fit in this picture

freddiemae

Nice to know what PMS funds were used to fund

http://www.bbc.co.uk/news/uk-northern-ireland-17521173

ballyblack

Moore family must have been very 'staunch' Presbyterians??

D.A.

Also, this:

http://www.bbc.co.uk/news/uk-northern-ireland-17538905

freddiemae

http://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/boom-to-bust-the-ulster-millionaire-family-who-lived-a-lie-16137296.html?r=RSS

BETRAYED

Anyone know when the case against the PMS Mutual directors comes up.
Can't imagine DETI NI can drop those charges when one can see how our members were being deceived and the general public now see what was going on.