The Guardian returned to the Peverel price-fixing scam involving Cirrus Communications yesterday.
The personal finance editor Patrick Collinson reported Janet Entwistle, Peverel CEO, rejecting calls for compensation.
Peverel is insisting on paying only £100,000 as a “goodwill” payment to settle a dispute in which it systematically rigged tender processes in favour of its subsidiary Cirrus Communications.
Entwistle’s reply – unexamined by the Guardian – was a rebuff to Sir Peter Bottomley, who last week suggested that the offer of compensation be substantially increased or turned over to mediation.
Although Peverel is an enthusiast of behind-closed-doors mediation schemes – where its conduct is not examined or criticised in open court – Entwistle rejected the proposal.
The Guardian also reproduced a number of letters, including those from Campaign against retirement leasehold exploitation regulars Michael Hollands and Ian Hay. Hollands letter was headed ‘Guilty – so cut the spin and have a rethink’.
He added: ‘Peverel must realise action is needed before its reputation is in tatters’
Hay raised the issue of having had to pay £2,500 in subletting fees to the contingency fund at Gibson Court – the site in Esher that burned down two years ago. This has been the subject of recent correspondence between Campaign against retirement leasehold exploitation and the Tchenguiz Family Trust.
In a published letter in the Guardian, Sebastian O’Kelly, of the Leasehold Knowledge Partnership, urged: “Politicians should be scrutinising this sector under full parliamentary privilege, and putting pressure on taxpayer-owned banks to call in loans based on insubstantial, overvalued assets, or where income streams are simply unjustifiable charges.”