SmartLogik Action Group

Reply to a SmartLogik shareholder

June 21st, 2009

Mayfly,

Thanks for your post. SmartLogik Action Group has been fighting for justice and recompense for the shareholders. Simply put, we came up against the so called ‘light touch’ regulatory system that existed in the UK at that time. I agree with your statement that “crooks, be they burglars, politicians, bankers, or company directors should always be bought to justice regardless of timespan”.

In addition to fighting for the SmartLogik shareholders, since late 2003, when the Action Group was started, the Action Group has been very vocal in criticising this ‘light touch’ regulatory system (our archives on our blog are there for all to see). The ‘light touch’ regime was supposedly there to allow companies more freedom to act to increase UK competitiveness and attract more business to the City of London. In fact, it allowed every fat cat and conman to take advantage of the system for their own ends.

We sent letters and emails to journalists and MP’s, but nobody would listen to us. Now we see that the MP’s themselves have clearly had their snouts in the trough, equally taking advantage of the system that they have engineered for themselves.

Now, we see the results of this system very clearly. What a mess!

Anybody who reads this, please continue to take actions now (see the following link for suggestions, http://slk-action-group.com/newblog/2009/01/31/actions-you-can-take-now/).

Don’t let it drop. The authorities (read this dishonest government) hope you will forget.

Entry Filed under: Accountability, Auditors, Banks, Business malpractice, Compliance, Conflicts of interest, Consumer Rights, Corporate Governance, Democracy, Double Standards, Finance, Fraud, Government, Law, Negligence, Pensions and savings, Regulators, Responsibility, Shareholder Rights, SmartLogik Action Group