No Trust
JUSTICE IS COMING...
- Joined
- 22 November 2010
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I don't think I am being unfair to Whyte at all.
My gripe with him is the fact that he knew that Tucker and Kennedy had a beneficial interest in the EPF yet dolled out legal work to Tucker to act for the EIF. Tucker was also an investor in the funds. The conflict of interest was clear as day.
How on earth could Tucker be a solicitor for Whyte and then throw on another hat and be a beneficial owner of the EPF and negotiate priority deeds with Whyte.
As a former lawyer for the company as well as a director he should not have been used by Whyte under "any" circumstances.
I still note how quiet he is on this issue. He can make a statement on the Equititrust website on the updates page and say that he didn't give legal work to Tucker and Tucker and Cowan who are now embroiled in massive litigation regarding a breach of fiduciary duties...
Whyte can also emphatically deny he knew Tucker and Kennedy had a beneficial interest in the EPF and that he was dealing with them directly in regard to priorities...
Doubt that will ever happen... Fees to Whyte and BDO need to be challenged and not paid until there is an investigation into the relationship between Whyte and Tucker / Kennedy...
My gripe with him is the fact that he knew that Tucker and Kennedy had a beneficial interest in the EPF yet dolled out legal work to Tucker to act for the EIF. Tucker was also an investor in the funds. The conflict of interest was clear as day.
How on earth could Tucker be a solicitor for Whyte and then throw on another hat and be a beneficial owner of the EPF and negotiate priority deeds with Whyte.
As a former lawyer for the company as well as a director he should not have been used by Whyte under "any" circumstances.
I still note how quiet he is on this issue. He can make a statement on the Equititrust website on the updates page and say that he didn't give legal work to Tucker and Tucker and Cowan who are now embroiled in massive litigation regarding a breach of fiduciary duties...
Whyte can also emphatically deny he knew Tucker and Kennedy had a beneficial interest in the EPF and that he was dealing with them directly in regard to priorities...
Doubt that will ever happen... Fees to Whyte and BDO need to be challenged and not paid until there is an investigation into the relationship between Whyte and Tucker / Kennedy...
I think you need to remember that David Whyte was receiver of the Income fund only, and there was a separate receiver appointed by BOSI over the Premium fund only. Hall Chadwick are the only ones appointed over "everything" ie Equititrust Ltd. Whyte may have known that Tucker & Kennedy were involved in the entity that bought the debts but he would not have been involved in negotiating the sale, and would not have known the price.
I think you are unfair to him if you place him in the same bucket as Pleash, Tucker, Kennedy or McIvor