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Rod Campbell, SNP candidate
for North East Fife has called on Gordon Brown to intervene and save the Dunfermline Building Society from the tight grasp
of accountancy firm KPMG, who are charging £1 million a month for administration.
The details of KPMG’s work have emerged in a progress report
to creditors which was passed to Alyn Smith, Scotland’s only member of the European Parliament Financial Crisis Committee
Inquiry. The document also discloses that KPMG have notched up £121,822 in expenses, including
a £42,000 hotel bill, after taking over as administrator of the Dunfermline Building Society in March. Whilst
KPMG are lording it up in expenses, they are at the same time forcing businesses to repay loans and credit facilities early
or face massive rises in interest rates, resulting in businesses being run into the ground and staff being put out of work. Rod Campbell said: “The SNP warned
Labour six months ago that no one would benefit from their break-up of the Dunfermline. As it turns out
there has been a significant beneficiary - KPMG, to the tune of £1 million per month. “This money is
being removed from the Dunfermline while countless small businesses across Fife with loan facilities coming to an end are
being told to take their business elsewhere or face ruinous hikes in interest rates. “It must rub salt into their
wounds when they see, not content with taking a million pounds a month out of the Dunfermline in fees, KPMG claimed £42,000
in hotel bills and nearly £70,000 in travel despite the fact that they have offices less than 20 miles from Dunfermline
HQ, in Edinburgh. “It is a supreme irony that whilst Gordon Brown has taken action to stop RBS, HBOS and the
other nationalised banks from taking this kind of heavy-handed action, he has done nothing to stop it happening to business
customers of the Dunfermline BS.”
www.nefsnp.org
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