UK Oil Execs Caught Price Rigging Cannot Be Prosecuted
2013 05 16

From: Telegraph

Oil company executives who are found to have manipulated the petrol price cannot be prosecuted, Downing Street admitted today.

Number 10 admitted that any change in the law to prosecute anyone for allegedly fixing the pump price would be forward-looking, and would not be able to hold to account any executives caught up in the current scandal.

David Cameron said he will urgently look at “extending criminal offences” to cover market manipulation in the energy sector, after BP and Shell were raided by European authorities on suspicion of rigging oil prices.

The Prime Minister said on Wednesday that any executives should face criminal prosecution if they are found to have fixed the price of petrol.

Amid fears that British motorists could have been duped into paying thousands of pounds too much for petrol over the past decade, Mr Cameron told the companies they will face the “full force of the law” if the accusations are true.

Ministers are under pressure to take action as the investigation already has echoes of last year’s Libor controversy, which saw banks falsely report key interest rates.

Following that scandal the Government created new laws which made it an offence to manipulate the benchmark mortgage interest rate.

But Number 10 admitted any prosecutions over any petrol price-fixing could only happen if the current rules were extended to include the energy sector, possibly through secondary legislation.

If this happened, any charges could not be applied retrospectively.

[...]

Read the full article at: telegraph.co.uk









Related Articles
PETROL executives should be JAILED if they are found to have ripped off millions of Brits


Latest News from our Front Page

13 years ago this man was accused of abusing 18 girls in Rotherham - so why are police only NOW acting on the claims?
2014 09 02
Comment: As this story finally is getting more and more coverage, let’s expose these sick perverts for what they are and get to the root of the problem that enabled horrors like this to not only go unnoticed for such a long time, but also to the heart of why people in law and government denied it and decided to ...
Harvard Professor Noel Ignatiev talks about how to end the White race
2014 09 02
There was some doubt earlier this week as to the validity of the claim in Kevin MacDonald’s article The War Against Whites. We’ll we found something for your guys: Source: youtube.com Not that this is the only one, far from it, this is just a small sample of the barrage of conferences and a well educated cultural marxists that have set their goals ...
Secret underground tunnels of ancient Mesopotamian cult revealed under Ani ruins
2014 09 01
For the first time in history, the academic world is paying attention to the spectacular underground world of Ani, a 5,000-year-old Armenian city located on the Turkish-Armenian border. Hurriyet Daily News reports that scientists, academics, and researchers have just met at a symposium in Kars titled ‘Underground Secrets of Ani’ to discuss the city’s underground world mentioned in ancient ...
A Government Vision Of The Future That Isn’t That Great
2014 09 01
Here’s a report by the UK Ministry of Defense, a document that they’re not hiding - it’s not classified. In fact, they WANT you to read it: the Global Strategic Trends 2045. For your convenience, they’ve even produced a handy video about their dire predictions: They present a warning call for how things are going to be bad in the future. ...
Bad Memories Turned to Happy Ones in Mice Brains
2014 09 01
Memories are often associated with emotions, and these feelings can change through new experiences and over time. Now, using light, scientists have been able to manipulate mice brain cells and turn the animals’ fearful memories into happy ones, according to a new study. Memories are encoded in groups of neurons that are activated together or in specific patterns, but it is ...
More News »