February 10, 2006


Capitalism or plunder?

Dunfermline is not the only embarrassment of the day, there is Qinetiq,
the defence company floated by the Ministry of Defence for £40m that in
three years has been sold on again for £220m.

A couple of characters from the state owned past who put £120,000 of
their own money, staggered off with £23m.

Maybe that’s capitalism but others are saying its playing fast and
loose with the family silver. Faisal Islam is on the case but he says that
it is so complex, finding the smoking gun proving cloudy business.


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