A rumour concerning Hunt's bankruptcy did circulate just after Cllr Perkins 'Confidentiality' edict was issued. No one seemed able to verify it's accuracy at the time so nothing was said but the truth always comes out in the end though, eh?
It's immediately obvious that teh WiFi'asco didn't cause his bankruptcy, although its death within 3 months of birth meant it could not save him......unless, of course, SBC's changing of the schemes 'progress measures' and
very premature release of the second loan tranche of £250,000, (the first tranche being £150,000), was driven by Mr Hunt having an urgent financial need outside of Digital City (UK) Ltd?
We don't know where the £400,000 went, and we won't know unless Cllrs Bluh, Perkins and Edwards and SBC directors for law and democratic services and business transformation and SBC CEO Gavin Jones finally decide to come clean and tell the whole truth, and nothing but the truth. I ain't holding my breath though.
It occurs to me that £1,300,000 worth of debt didn't materialise overnight and I wonder how much debt was in existence when SBC was conducting it's 'due diligence' on Mr Hunt and his 'Wacky' idea. (That's his description of WiFi, not mine. I've described the business side of it as 'wanky' from day one).
It also occurs to me that to owe HMRC £423,000 Mr Hunt must have received what, something in the region of £1,500,000 for that sum of tax to be due?......but decided to spend the money owed to the taxman on something else instead?, which is what I fear may have happened to much of the £400,000 of public money lent to Digital City (UK) Ltd by SBC. Again, without a full disclosure by Rod & the Bluhligans we simply don't know exactly where it did go, but we can use our own eyes to survey empty lamp posts and surmise that it certainly
did not go where it was supposed to.
Also, Cllr Perkins ought to think seriously about disclosing the identity of his 'mystery investor', otherwise his confidentiality edict will increasingly be seen as a political screen for his party and a deliberate mechanism to prevent the disclosure and discussion of Hunts bankruptcy and parlous lack of business acumen of everyone concerned. Worse than that, if the mystery investor didn't exist, or the situation wasn't exactly as described by Cllr Perkins et al, they could be open to an allegation of conspiracy to conceal x, y and z.
The longer this goes on without full disclosure the dirtier and smellier it will get.