Jacob Rees-Mogg Moves For Conservative Party Leadership.

Sounds tenuous to me, given that Sberbank is State owned.
Sberbank is a state-owned Russian banking and financial services company headquartered in Moscow. The company was known as "Sberbank of Russia" until 2015. Sberbank has operations in several European and post-Soviet countries. (Wikipedia)

Now I know I said “Don’t mention it” but I had rather thought you might. Manners and all that

Anyway, I am still in the office after sitting around all afternoon waiting for an outcome on a matter which eventually turned out successful without me contributing further.

So, an interesting afternoon posting on GN. I wonder if I am the first forum member to receive a salary for posting on GransNet.

When was Somerset Asset Management set up? When did it begin trading with Sberbank?

I could look these things up but I'm asking because of the claims you are making. I think it is wrong to make such claims without properly backing up everything you say.

Baggs, the investment under particular question is Russia’s largest bank, Sberbank. JRM Is co-founder of and a major shareholder in Somerset Asset Management which he is not directly involved in managing but obviously receives major income from the profits of the company. Those profits are large part derived from its Russian procurement of clients funds into the above Russian bank and other organizations in that country under sanctions.

By not being involved in the day to day management of the company, JRM does not for some reason I cannot figure out have to declare on the parliamentary register of members interest his involvement and income from the company.

4:58:41
How about a few minutes thought for all those that perished on that airliner and from which a leading member and prospective leader of the Conservative party is making money from?
Apart from a superfluity of “froms” I think this is the post in which Grandad implies JRM has directly profited from that incident.
I carry no torch for JRM but casting aspersions of this sort could be interpreted as libellous.

Quote Jalima1108[ So if the British army brought down a foreign plane full of civilians, anyone investing money with the Bank of England and other British banks would be to blame? Is that how it works or have I misunderstood something?
That is according toGrandad] End Quote

It was actually Baggs who originally posted that I think.

You might like to familiarise yourself with the conventions of the site Grandad43
^ and ^ immediately around something you are quoting will indicate as such by putting it into italics
* and * is normally used round a username to make it appear in bold
And the square brackets [ and ] are designed for use with smileys such as and if you are really on the ball or
Don’t mention it, happy to help.

Oh bother! The first two paragraphs were supposed to be in bold. Should have previewed.

I have never seen any comment on Corbyn which is libellous

*JRM has stated that none of his own personal money is subject to investment in that bank. However, it has been pointed out to JRM any number of times in media interviews (and on the Andrew Marr program Sunday) that he makes financial gain from the charges his company levies on investors for lodging their funds in that bank and other Russian investments. JRM has not denied that is indeed the case.

Therefore, as the internationally agreed sanctions were brought in as a result of the missile attack on an airliner over Ukraine in which all on board perished, it can be deduced that Jacob Rees-Mogg is gaining financially from that attack as the bank in particular is paying higher returns to investors because of the sanctions.*

Thank you for that explanation, grandad. Next question, if I may: when was JRM's company's link to the bank in question (which bank is it, btw?) made? Is that known? And when were the investments made by 'customers' of JRM? Did any of it happen before the plane crash?

Just by the way, I did hear that JRM is not managing the company while he is an MP because it would be a clash of interests.

Anniebach, in regards to your above post at 19:47 today, then yes the trade Unions and all the wider Labour movement including the Labour party do own their own bank known as Trust Unity Bank.

I am astonished anniebach that as having fifty year membership of the labour party you are not aware of that fact.

Details of the banks operations can be found by following this link
en.m.wikipedia.org/wiki/Unity_Trust_Bank

I am quoting another poster Grandad, something which you don't seem to have got the hang of yet.

If you use these ^^ around another poster's words, it will come up in italics and denote that you are quoting someone else.

Apologies should be posts above not oats.

Quote Jalima1108[ So if the British army brought down a foreign plane full of civilians, anyone investing money with the Bank of England and other British banks would be to blame? Is that how it works or have I misunderstood something?
That is according toGrandad] End Quote

Janina, please direct me to where I have stated or agreed with your above posting in this thread, because as I feel you know that is not what I have done, or the way it works.

As I have already stated many investors do not know where their investments are located. However, that is not the allegations being levelled at Jacob Rees mogg. The foregoing pertains that his investment company has placed clients funds in a Russian bank, which is subject to internationally agreed sanctions.

JRM has stated that none of his own personal money is subject to investment in that bank. However, it has been pointed out to JRM any number of times in media interviews (and on the Andrew Marr program Sunday) that he makes financial gain from the charges his company levies on investors for lodging their funds in that bank and other Russian investments. JRM has not denied that is indeed the case.

Therefore, as the internationally agreed sanctions were brought in as a result of the missile attack on an airliner over Ukraine in which all on board perished, it can be deduced that Jacob Rees-Mogg is gaining financially from that attack as the bank in particular is paying higher returns to investors because of the sanctions.

As for statements on this forum being libellous, in regards to what has been stated about Jeremy Corbyn GNHQ would have to take down two thirds of the oats on this section of the forum to put correct that anomaly, I feel

Expect unions have their own bank and all monies is invested in fair trade companies, like the third Mrs Corbyn’s. Company

So if the British army brought down a foreign plane full of civilians, anyone investing money with the Bank of England and other British banks would be to blame? Is that how it works or have I misunderstood something?
That is according to Grandad

Yes, I am still puzzling over the allegation Baggs.

Quite simplly do you condemn JRM for gaining financially from the Ukrainian airliner attack ?????
That accusation against a Member of Parliament on an open forum is quite astonishing and I am surprised that GNHQ has not deleted it as potentially libellous.

Have you checked exactly where your pension, if you have one, is invested Grandad?
I hope it is all in ethical funds and not in any country of which you may disapprove.

Moggy oy Moggy oy Moggy Moggy Moggy oy oy oy

maryeliza that is beyond the pale

Taking a Cornish (some would say Welsh) chant and misusing it in that way

Forelock tuggers are alive and well

Moggy Moggy Moggy oy oy oy

??????

Yes, Moggy for Tory Leader, bring it on.

He is my only hope for a brighter future ???????
Come on the Mogg

He is the proverbial wolf in sheep's clothing

Jacob Tres Smug no no no

Just take a look at JRMs freinds and Associates. Quite some characters in that lot.

Well let us hope that they make him leader maryeliza54, we will have no shortage of ammunition to throw at him come any election.

The sanctions scandal is only the tip of the iceberg from what I have read. Could make JC look like a saint in any campaign.