Page 12 - How Not To Cook The Books Article

However, the Instituto Gemmologico, Italy said it had never valued such
a gem and moreover, on the 31st August 2007 when it was claimed it
had done so, it was on holiday and was closed. Furthermore, a

laboratory manager said that the institute does not assign values to
gems, but only analyses their quality.

At the time of the administration order Wrekin Construction, claimed that
it still had £1.5m of its RBS overdraft to call on, but that had been frozen
by winding up petitions, and the RBS, the sole secured creditor, was
unwilling to lend any more to assuage Wrekin’s creditors. Moreover, the

firm claimed it had signed two contracts worth a total of £50 million on
the day it had been taken into administration.

On the back of this there was a huge amount of anger directed at RBS
for taking what appeared to be a successful company into administration
and crushing a perfectly good business with the loss of 530 jobs.

In Parliament, Prime Minister, Gordon Brown was asked about the
closure of Wrekin Construction and the role of RBS but failed to
comment.