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Article: 'Sack top Scots banker caught up in conflict of interests row' Labour call on Alex Salmond to remove the boss of SNP's flagship public building scheme
- Article from:
- The Sunday Herald
- Article date:
- September 20, 2009
- Author:
CopyrightCopyright 2009 The Sunday Herald. Provided by ProQuest LLC. (Hide copyright information)
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THE Scottish Futures Trust (SFT), the SNP government's flagship
public building scheme, is at the centre of a conflict of interest
row involving its millionaire chairman, Sir Angus Grossart. Grossart
is facing calls to resign from the SFT after it emerged the merchant
bank he co-founded, Noble Grossart, is the long-standing financial
adviser to a firm bidding on a L300 million SFT project.
Labour last night said it was untenable for Grossart to head the
SFT while at the same time the bank he has run for 40 years could
have an interest in a contract. Even if Sir Angus was not personally
involved in the bid, his dual roles created a damaging perception,
said finance spokesman Andy Kerr.
He ...