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Headline

Councillors demand parliamentary inquiry into Garden Bridge fiasco

Comment

On what basis did Lord Davies and chums sign a £100m construction contract with Bouygues in March 2016, with a £15m cancellation clause, when the Garden Bridge Trust hadn't secured an interest in the land on which the bridge was to be constructed, nor had an implementable planning permission, nor had the capital to build the bridge? It's clear why they did, since signing the contract triggered the release of £30m+ of TfL funds to the Trust. But it was such an absurdly high risk as to be an unreasonable action; yet the Trust Directors chose to do so. In my opinion they were behaving unreasonably in doing so; and if Directors are behaving unreasonably their limited liability is withdrawn and they become PERSONALLY LIABLE for the reimbersement of those funds. Davies and chums owe the public purse at least £15m - but they are all rich and a quick whip round should sort that out.

Posted date

16 September, 2017

Posted time

7:50 pm

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