This RIFW land deal is the biggest single scandal in recent Welsh political history. I am currently working on another post, having come across yet more information. It should be out tomorrow.

http://www.senedd.assembly.wales/documents/s44654/Letter%20from%20the%20Auditor%20General%20for%20Wales%206%20October%202015.pdf

Also, there’s little dispute that at least 60 acres of the Lisvane land is “developable” (is that a word?)

Anyway, the value of land with planning permission for residential in Cardiff is around £2million an acre, and in Lisvane – the part of Wales with the most expensive houses – it is probably even more.

Sorry to link to WalesOnline but they have some figures from a while back

http://www.walesonline.co.uk/business/commercial-property/encouraging-signs-value-building-land-6229496

That means that the Lisvane land alone is worth around £100-£200 million, in my opinion.

Greenbay recently produced the diabolically mad or bad DNA Cymru – talk about flawed science and conflict of interest, see
http://cruwys.blogspot.co.uk/2015/03/more-on-s4c-dna-cymru-controversy-and.html
but never mind it proved that Dafydd Iwan was truly y Mab Darogan. What a load of bollocks that was
And guess what this totally flawed series has been nominated for tv & Film awards, along with the other Welsh nominations surley a reflection of the state of the Welsh media – John & Alun, Casualty, faulty science series and a grumpy policeman in mid Wales.. I mean Casulaty FFS? How some of these progs can claim to be ” Celtic” beats me, bit like the dodgy DNA.

Sorry went completely off the point there mun

Frankly, I’m reminded of the classic line by Eli Wallach as the bandit chief in the Magnificent Seven:
“If God had not meant them to be shorn, He would not have made them sheep.”
I can’t understand why an outside Force hasn’t been brought in. No doubt they’re hoping that they can concoct a settlement with LSH’s insurers to convince the masses of their competence.

Of course you’re not Stan the Pies, Stan . . . though I’ve never actually met you . . . You say you’re in Neath but you could be in Guernsey counting your money.

After making some enquiries here and there, the picture becomes more interesting, and more damning.

Imperial House in Newport was of course one of the lots in the package deal that South Wales Land Developments Ltd aka Stan Thomas bought from the Regeneration Investment Fund for Wales acting on the ‘advice’ of Lambert Smith Hampton, against whom the ‘Welsh’ Government is now, belatedly’, beginning legal proceedings.

On July 13, 2012 Imperial House was sold by South Wales Land Developments Ltd to Imperial House Developments Ltd for a stated price of £1,750,000.

On October 26, 2015, “Phase II” of Imperial House was sold to Oxenwood YPL (Investments) Ltd of Guernsey for £3,853,823 (exclusive of VAT).

I have also turned up a redacted version of the report by Deloitte into the deal, dated St David’s Day 2013, commissioned by the ‘Welsh’ Government. It is damning. No due diligence, others firms expressed an interest but were either ignored or told to go away.

Further “30 March 2011 LSH meet Sir Stanley Thomas and Langley Davies to discuss the sale”. So it was always known that Langley Davies was fronting for Stan Thomas. So why didn’t LSH and RIFW insist that ST come out of the shadows?

Instead, as the Deloitte report tells us, “South Wales Land Developments Ltd is recorded in the schedule commenting initial interest was from GST. SWLDL was the ultimate purchaser but an SPV was not mentioned until 10 May, and SWLDL itself was not incorporated until much later, so the name cannot have been known at the date of the offer”.

In other words, and as I ask in the post, ‘How can anyone sell anything to a company that doesn’t exist?’

I was too easy on those involved in this post; this case is corruption pure and simple, and it’s easy to see who the guilty parties are. I shall be doing another post incorporating the new information.

I tend to agree with an earlier comment by the author himself – this isn’t necessarily about Labour per se. The likes of Stan Thomas would have attached themselves to whosoever held the power (and pursestrings) in Wales. So much of what we find out has nothing to do with ideology, Left or Right, Unionist or Nationalist, Republican or Monarchist, Third Sector/Public or Private Sector. Jac hits the nail on the head in that it’s all about filthy lucre. These bloodsuckers would attach themselves to any side – all they are interested in is what they can get out of it themselves. But the Donkey Sanctuary in Cardiff Bay, led by a bunch of prize Asses, certainly provides fertile ground for these parasites to thrive.

Enough from me – keep up the good work!

PS – though I write under the name Stan, I am most definitely not the Pieman himself, though I am partial to a good Steak and Kidney.

Yes, thanks for reminding us about the lack of a tendering process. I forgot to mention that. Maybe I’ll add it.

There is actually an Imperial House in Imperial Park. If you’re right about a connection with the M4 project then two dates to bear in mind are: Imperial House Investments was Incorporated on November 30th, 2013; Redwina announced the choice of the ‘Black Route’ in July 2014.

And as was also revealed, the ‘Welsh’ Government owns a considerable amount of land along the proposed route, Imperial Park being the old LG site.

It do make ew think, it do.