Re: "We'll put a million quid of our own dosh in to help find Madeleine - if Grange is wound up" - Dr Gerald and Dr Kate McCann

by Bishop Brennan 03.04.15 7:27

snook wrote:If I am correct, moving funds so close to a court decision would not help them avoid paying costs. It would be viewed as a deliberate attempt to not pay by reason of lack of funds. Someone with an imminent bankruptcy hearing who had sold his Rolex to a family member would be in even more financial hot water and steps to recover the funds would be taken. This is supposing all the Mcmoney is legitimately lodged with a financial institution? They either think we the public have short memories or are still working on the assumption that we are stupid and take their every word as the Mctruth!

Sadly you are not correct. Donating the bewk money to the fund and the search is what they claimed they would do from the start. Even without that it's a legitimate transaction. As you rightly imply, government organisations such as HMRC can discount transactions they see as pure tax evasion, but there is no way a Portuguese court could rule (never mind reverse) a private donation from a UK national to a UK limited company as somehow an evasion.

So even if it were their goal to protect the £1m in case of a heavy loss in Portugal, then that money is now safe. HMRC is likely to watch carefully how it is spent, but they do that anyway.

However if the court does rule against them and they are faced with big costs, they will have to pay. In which case giving the money away might end up being a rather stupid move. Unless if course imminent bankruptcy is enough to persuade the public / press to mount a campaign to raise cash to pay their bills. What a thought that is...

by snook 03.04.15 7:50

I was thinking more along the lines of if Amoral was awarded or sued them for costs and they pleaded personal poverty? I understand your point ( although what HMRC have to do with it I fail to understand) however which ever way it plays the Mccanns,are being duplicitous. As you rightly point out all proceeds from book sales were pledged for the sole purpose of a search ( whatever their interpretation of that may be) and if they have been holding said monies in a personal account and presumably reaping the interest then at the very least they have behaved, again inappropriately and without the promised transparency. Having worked in insolvency, moving or disposing of assets prior to having to make financial reparations is foolhardy and illegal.

by Guest 03.04.15 9:56

[quote="snook"]I was thinking more along the lines of if Amoral was awarded or sued them for costs and they pleaded personal poverty? I understand your point ( although what HMRC have to do with it I fail to understand) however which ever way it plays the Mccanns,are being duplicitous. As you rightly point out all proceeds from book sales were pledged for the sole purpose of a search ( whatever their interpretation of that may be) and if they have been holding said monies in a personal account and presumably reaping the interest then at the very least they have behaved, again inappropriately and without the promised transparency. Having worked in insolvency, moving or disposing of assets prior to having to make financial reparations is foolhardy and illegal.[/quote]

Dr. AMARAL

Thank you

by jeanmonroe 27.04.15 12:29

"We'll put a million quid of our own dosh in to help find Madeleine, because.............

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"there's a 'massive, financial' black HOLE in our bucket, our bucket, our bucket"

by snook 27.04.15 21:04

Portia wrote:
snook wrote:.

Dr. AMARAL

Thank you

Apologies Portia. I can only blame auto correct on my phone as the previous time I spelt a name similar to Dr Amaral's was on Twitter to a particularly nasty account who misspells the good Dr's name. BTW, I can't find the edit function or I would have amended.
Thank you for pointing this error out.

by Guest 27.04.15 22:24

snook wrote:
Portia wrote:
snook wrote:.

Dr. AMARAL

Thank you
Apologies Portia. I can only blame auto correct on my phone as the previous time I spelt a name similar to Dr Amaral's was on Twitter to a particularly nasty account who misspells the good Dr's name. BTW, I can't find the edit function or I would have amended.
Thank you for pointing this error out.