The cleverness Peverel demonstrated over the Cirrus scam was revealed in The Oldie magazine this week.
Had Peverel not suddenly decided to come clean in December 2009 – just after the issue had been reported in the Times, but before the full Campaign against retirement leasehold exploitation submission arrived in January 2010 – it could have been fined 30 per cent of annual turnover for breach of competition law.
That’s more than £4 million.
The Oldie is edited by former Private Eye editor Richard Ingrams, and is widely reader by mature readers, including those with influence.
It has taken a particular interest in Peverel.
Related posts:
OFT will report on the Peverel / Cirrus price-fixing scandal on Friday
Davey and Bottomley quiz OFT over its leniency deal with Peverel over the Cirrus price-fixing scam
The Oldie reports Peverel / Cirrus price-fixing scandal
Guardian covers more fall out from Peverel’s price-fixing scam with Cirrus Communications
Peverel Cirrus price-fixing stooge says sorry …
Leasehold owners excluded from government’s flood insurance plan, Flood Re
Which Peverel Company owned up to Price Fixing and handed them selves in to the OFT?
Who was the person who decided to hand themselves in, was it a Cirrus Communications Director?
Was the timing due to the media interest?
Who in the OFT took the confession?
Why did it take the OFT 16 months to begin the investigation?
Has anyone applied to the OFT under the Freedom of Information Act?
How could three out of four Price Fixers receive no punishment at all.
The cost of the investigation was over £500,000.00 and only £1200.00 fine?
Who paid the total cost for the investigation?
What can now be done to ensure Peverel Group are made to pay the costs for the investigation?
The OFT who decided that Peverel Group were not responsible for the Price Fixing, Tender Rigging of Cirrus Communications from 2005 to 2009 when in December 2011 a Peverel Representation decided that it was time to be honest as crime doesn’t pay?
The cost for the 65 developments over £0.5 million pounds which worked out at £7,700.00 per development. The development which may have already paid twice the value of the works, as the tenders were false and did not reflect the true costs.
Some of the developments did not require updating, but at 18/19/20 years the Area Managers were instructed to explain to us suckers/residents that the Warden Call Systems need updating as they are obsolete and can not be maintained..
Some blamed lightening strikes for the reason that the Warden Call System was no longer repairable. We have been informed that Cirrus had spares which were cannibalised from other developments but we were not informed about this and the Management decided to go for updating which cost us over £750.00 each of the 29 flats?
The work took 3 hours in each flat and took less than 3 weeks to complete?
This works out at £250 an hour, Cirrus Communications were earning for 3 weeks work.
If the cost of the Warden Call System is added to the cost of the OFT investigation then we can add the £7,770.00 to the costs????
Any comments Janet???
Over the years our block of flat- Albert Court, W2- and the leaseholders went through the most devastating and unsafe condition of life. Our management Companies Trust and Crabtree only used cruelty and inhuman way to collect money from us with no services. I made so many complaints to courts, LVT and also OFT. Non of them could support us. They only followed what big companies and their barrister wanted . Is it now the time for us to be heard.?
https://www.facebook.com/albertcourtw2?fref=ts
Simin
I suggest that the costs were paid from the greedy claimed payments for our Redec and Scaffold and Supervision of Redec. Plus, £40 for Adnim charge for a New Owner having a Dog! Scaffold, £1800, Supervision £1500 and we still do not have a resolution to the costs, and what do our MP’s have to say? They had a meeting with Peverel MD, which was held in secret so that we don’t know what went on and who said what.
As I have repeated in other items, when are we as a Retired Section of Society going to do something about these robbers?