Wednesday 6 August 2014

Energy bosses who rig prices could be jailed for two years - It will read ABL bosses will be going to jail before this campaign finishes

Ed Davey, the energy secretary claimed that giving regulators the power to prosecute would bring the industry in line with the banks. Bankers who manipulate the market, however, face sentences of up to seven years in jail. 

ADMIN: THE WIDE SPEAD FRAUD THAT SOME IN THE FACTORING INDUSTRY BELIEVE IS THEIR RIGHT WILL BE STOPPED - REAL BOSSES WILL BE DOING REAL TIME IN THE NICK

Energy company bosses who rig the market face up to two years in prison under sanctions being put forward by the government.
It would become a criminal offence to fix the price of energy at an artificial level or use insider information to buy or sell energy on the wholesale market.
A jail term could result from an attempt to manipulate the market by spreading false rumours or concealing facts.
Employees who reported any illegal trade would escape sanction. Conviction would carry a criminal record and make it difficult for the offender to find another job in the power sector.

Continued: http://www.thetimes.co.uk/tto/business/industries/utilities/article4168040.ece

 

 

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