this post was submitted on 10 Dec 2024
91 points (100.0% liked)

UK Politics

3139 readers
85 users here now

General Discussion for politics in the UK.
Please don't post to both [email protected] and [email protected] .
Pick the most appropriate, and put it there.

Posts should be related to UK-centric politics, and should be either a link to a reputable news source for news, or a text post on this community.

Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.

If you think "reputable news source" needs some definition, by all means start a meta thread. (These things should be publicly discussed)

Posts should be manually submitted, not by bot. Link titles should not be editorialised.

Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.

[email protected] appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(

founded 2 years ago
MODERATORS
 

Isn't this called fraud?

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 week ago (2 children)

If they're paying bonuses based on the valuation that they effectively made up, surely that's defrauding the system and their customers? Especially at a time when all these water companies are claiming abject poverty?

I understand that the UK is a safe haven for money laundering, but aren't we supposed to at least pretend?

[–] [email protected] 3 points 1 week ago

defrauding the system and their customers?

Yes to 1. 2 is the same thing.

Customers have choices. The current water system only gives those choices to the government. We are water company serfs paying taxes to the gov equivalent of lords.

They are allocated land and rights to charge for exclusive distribute on that land. In exchange for service to the rulers.

Yeah, we ain't the customers the system is. We just pay taxes to the local lords.

[–] [email protected] 3 points 1 week ago

PS, money laundering doesn't describe this. That requires a money source that must be hidden. (IE, to clean it)

This is simple fraud, as the money never existed. It just allows them to convince shareholders they have assets worth investing in. Instead of cleaning dirty money. They are stealing clean money by lying to investors. Then crapping in the pool.

They have the perfect CV for this.