Neil Glass,
Flat £2.
Kings Walk,
19a Knyveton Road,
Bournemouth BH] 3QZ
10 September 2007
‘To whom it may concern
| confirm that in May 2005 I was contacted by email and phone by David Bailey, a
former forensic accountant who spent 13 years at accountants Deloittes. He contacted
me after reading my book Rip-Off? The scandatous inside story of the consulting
‘money machine. The subject of his contacts was to tell me that he was a key person in
helping cover up how Deloitte had defrauded creditors during their insolvency work
for the Bank of Credit and Commerce International (BCCI) through three main
methods:
- Fraudulent travel expenses
- Overcharging staff time
~ False accounting to conceal partners’ salaries and bonuses from the tax authorities.
According to David Bailey, the organisers of the fraud were Fred Goodwin, now
Chairman of a major UK bank and John, Connolly, at the time head of Deloittes’ UK
operations,
David Bailey confirmed that a key part of his cover-up was preventing the
Luxembourg authorities finding out any information about Deloittes’ profit margins
on the insolvency work.
I would be ready to produce a signed affidavit confirming the precise details of my
conversations with David Bailey as well as provide copies of his emails.
Neil Glass
(David Craig)
Author: Rip-Off! The scandalous inside story of the consulting money machine