Bizarre claims from Tory peer in the House of Lords…

Good spot by Gary Fennelly from the House of Lords proceedings on Monday. The Tory Lord James of Blackheath. 2 hours and 30 minutes you can pick up the thread of a strange passage in which he claims he’s written off more than a £1 Billion of the IRA’s money. Besides being completely off the point of the debate itself, the figures he mentions seem way above anything realistic.

I wonder if there are health issues involved?

  • joeCanuck

    I’ve commented twice on this already on other threads.
    I think there might be health issues, specifically dotage. However he also talks about a mysterious foundation that is willing to give, free, billions of pounds to the UK Government. I’m afraid he may be about to pay out a large sum to some Nigerians. Hope his family are paying attention.

  • Johnny Boy

    Lunchtime cocktails?

  • Alan Maskey

    The NIgerians are a fascinating bunch. Just how do they rope in such clowns? Some people must be pre-programmed to be conned. Aren’t those guys who scam the scammer great? You know, guys who take the Nigerians for a ride. I guess MI5 would know all about taking scammers for a ride.

  • The noble Lord was speaking just before 11 pm at night: in itself, that raises suspicions of how he had employed the previous hours.

    The whole of what he said deserves considerable attention. Apart from the claim:

    I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City. I have handled billions of pounds of terrorist money.

    he adds that this included:

    extensive connections with north African terrorists, but that was of a far nastier nature, and I do not want to talk about that because it is still a security issue. I hasten to add that it is no good getting the police in, because I shall immediately call the Bank of England as my defence witness, given that it put me in to deal with these problems.

    But let us not forget his blockbuster.

    He claims that he has had involvement with two government ministers: Lord Sassoon (Commercial Secretary to the Treasury) and Lord Strathclyde (Leader of the Lords) over:

    a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy in this country. For want of a better name, I shall call it foundation X. That is not its real name, but it will do for the moment. Foundation X was introduced to me 20 weeks ago last week by an eminent City firm, which is FSA controlled. Its chairman came to me and said, “We have this extraordinary request to assist in a major financial reconstruction. It is megabucks, but we need your help to assist us in understanding whether this business is legitimate”.

    His rambling account then points to the bullion deposits of the Vatican Bank!

    Barmy? Barking? Bibulous?

  • joeCanuck


  • Johnny Boy

    If we could just have your account number and sort code, the billions of dollars will be wired directly into your account.

  • Carrickmoreman

    Finally, the Rothschild and Bildeberger conspiracy is unmasked!

  • Dr Concitor

    Its probably the Chinese trying to buy the British state, seeking revenge for the way they were shafted in the days of empire. On the other hand it may be the Pope, as tomorrow is the 5th November after all. If I was a lord I would get the basement checked.

  • I know nothing about this chap, but the billions of hot money the washes about enters the banking system somewhere. John Le Carrie in his latest novel, Our Kind of Traitor, deals with just this. He points out at a time when governments are desperate to pour money into the economy to kick start it, they are unlikely to look a gift horse in the mouth, by asking where the money came from. If it is a few million yes, but billions, never.

    Perhaps the old boy was tugging on someones tail with a not so gentle reminder, if so he will either have an accident or a windfall which will allow him to see out his days in the custom he has come to expect.

    Could Mandelson, Rothschild, Murdoch, Oleg Deripaska, David Cameron, various bankers and brokers and a deputy head of SIS really have enough in common to holiday together, twice in the same year? Only they know.

    Sometime the most unbelievable tales have a grain of truth in them, after all before it occurred, who would have place a bet on all of the CCTV cameras going down on the route through Belfast along which the Northern Bank robbers fled with 20 million pounds of stolen cash.

  • pippakin

    Nine, a paltry nine comments! When I think of the fuss about Brian Cowens ‘slip betwixt cup and lip’ which by the way was no more than the inevitable result of hard work…

  • Reader

    pippakin: Nine, a paltry nine comments!
    Most people are just getting home from work around now. And the initial post missed the lunch window too.
    And my personal perspective is that, in this case, it’s rude to point and stare. I may be back if someone comes up with any meat.

  • pippakin


    my personal perspective is that, in this case, it’s rude to point and stare. I may be back if someone comes up with any meat.

    I completely agree, but such compassionate views did not prevent the vultures descending on BC and pretty quickly too.

  • Carrickmoreman

    “Sometime the most unbelievable tales have a grain of truth in them, after all before it occurred, who would have place a bet on all of the CCTV cameras going down on the route through Belfast along which the Northern Bank robbers fled with 20 million pounds of stolen cash.”

    Is that true? Never heard that before.

  • Anon

    Odd indeed. One too many at lunchtime?

  • Damian O’Loan

    I’m sure the two Lords he referred to were grateful that he clearly stated they wanted nothing to do with him.

  • Rory Carr

    The noble lord’s claims are simply of too great an import to be lightly dismissed. The government must act immediately to investigate and to this end they must bring in all the resources at their command including the skills of the superior intelligence agencies of friendly nations.

    Agents Mulder and Scully should be put on the case without delay.

  • DC
  • Alan Maskey

    I had to laugh when the Nigerians were set to make an offer for Newcastle FC.

  • John Greene

    Laughable in many ways – especially the X foundation thing.
    BUT this guy was a serious City player – and respected enough by City for the Tories to grab him to front up their ‘Efficiency Review’
    Also the idea that he was instructed to buy up firms the Provos were using with a view to trashing them has more than a ring of truth about it
    People mentioned the time at which he spoke – it this a case of drink loosening his tongue?

  • At the risk of enhancing grandmother’s ovisuction, might I point to an up-date in this epic saga?

    Felix Salmon at Reuters reckons

    Foundation X is the Office of International Treasury Control. Certainly this sounds very similar:

    Though not generally or publicly known, OITC is the largest International Institution of its kind. It is the largest single owner of gold and platinum bullion in the World, in addition to being a major owner of Bank Debenture Securities, International Treasuries, Cash and other forms of securities…

    Original assets in the form of gold have been wisely and well utilized to create wealth that creates further wealth…

    It should be noted that only a few persons in each country of the world are eligible to be able to verify, or undertake a verification, re: the position of Dr. Ray C. Dam (International Treasury Controller) and the Office of International Treasury Control. Such persons are limited to Kings, Queens, Presidents, Prime Ministers, with Ministers of Finance and Ministers of Foreign Affairs subject to security status and special conditions / dispensation.

    Any sensible person would recognize OITC as a scam after spending about two seconds on its website. Which says to me that David James is, sadly, no longer a sensible person. He’s had a long and noble and storied career; someone should let him retire with dignity at this point.

    So there really is no Santa Claus? No Easter Bunny? Awwww ….