LBWF and the East London Credit Union: yet more disturbing details emerge
This blog’s investigation into the 2019 collapse of LBWF favourite the East London Credit Union (ELCU) continues to generate revelations, and what follows is a brief roundup of the most noteworthy, grouped under four headings. LBWF’s initial decision to give ELCU £500,000 in 2014 At the Council Meeting of 16 October 2014, and with standing orders suspended, the Leader, Cllr. Chris Robbins, made a verbal ‘Autumn Statement’ which, ‘[f]ollowing a consultation with residents about the Council’s budgets and priorities’, listed ‘his five priorities for the coming months’, and included: ‘The Council would [sic] inject £500,000 into a Credit Union facility. This will provide residents with a s... »