2010
21
Jan
It seems that all is not well in the London Development Agency (LDA), the body tasked with ensuring that there is some form of meaningful legacy from the 2012 London Olympics (aside from the burnished glow of politicians’ egos).The LDA auditors, audit …
2009
16
Sep
As the old saying goes:”Famine follows Feast”Therefore we should not be surprised to learn that in the wake of the £160M blackhole, discovered in the accounts of those allegedly “in charge” (LDA) of the London 2012 Olympics, cuts have to be made.Proje…
2009
14
Sep
In June I noted that:”a £100M black hole has appeared, as if by magic, in the 2012 Olympics accounts of the London Development Agency (LDA) – the budget for which is not included in the £12BN Olympics budget”.Unfortunately, it seems that the size of …
2009
10
Sep
Lord laird has set the cat among the Olympic pigeons by questioning the integrity of charter deals for a fleet of boats intended to be used for corporate entertainment, media, accommodation and other purposes for the London 2012 Olympics.Lord Laird has…
2009
16
Jul
Over £20M per annum, for the next 3 years, will be cut from the London budget to cover irregularities in the 2012 Olympics accounts.The black hole (estimated at being between £60M-£100M) in the accounts means that the London Development Agency, the …
2009
24
Jun
Despite continuous assurances from those “in charge” of the London Olympics, and their political masters, that everything is under control (despite a rise in the budget from under £3BN to £12BN) it seems that £100M of taxpayers’ money has been “lost…
2008
27
Nov
Five people from London have been arrested for their involvement in an online ticket fraud for the Beijing Olympics.Since September the Metropolitan police have been investigating complaints about the failure by companies to supply at least 4,000 ticke…