The Assets Recovery Agency was set up in 2003 with a remit to seize the assets of convicted criminals. As reported by The Times today, it has not exactly produced particularly good results.
Having spent over £65 Million in four years, it had recovered, by December last year, some £23 Million in illegally obtained assets.
A return on investment of -£40 Million; now that sounds like it was really well thought out and considered!
Just think about this; at an average cost of £400 per household that's some 100,000 UK houses that could have been fully insulated; substantially saving both energy and CO2 emissions.
What's the betting that no heads will roll, no gold-plated pensions will be put at risk, and that all those in senior positions involved will end up in some alternative cushy number to continue practicing their incompetence? They ought to be put on trial themselves for misappropriation of taxpayers money!
1 comment:
Phew... nice to be back on the same side again!
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