"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Wednesday, April 09, 2008

David Sullivan & Karen Brady arrested - another swoop in football corruption scandal

On Wednesday March 19th Birmingham City FC was raided by officers from the City of London Police. This was said to involve the £300,000 transfer of Aliou Cisse to Portsmouth in 2004. A statement published on the Midlands side's website at the time : "The club is cooperating fully with the police in their inquiries which relate to an unconnected third party or third parties.

"For the avoidance of doubt no one connected with the club has been questioned or arrested.

"No further comment will be made by the club."

Today Birmingham City's co-owner, pornographer David Sullivan and managing director Karren Brady have been arrested in connection to an on-going investigation into football corruption which is believed to be related to the transfer of Senegalese footballer, 31 year old Amdy Moustapha Faye, currently at Charlton Athletic FC but on loan to Rangers FC..

Faye was arrested by City of London Police on November 28, 2007 along with Harry Redknapp, Milan Mandaric, Peter Storrie and Willie McKay (who has acted as an agent for Faye when he moved from Portsmouth to Newcastle for £2m) over allegations of corruption.

The Sunday Times Rich List has the loathsome Sullivan, 55, at 68th position due to his owning Britain's biggest licensed sex shop group, the 90-strong Private Shops, his share with the Gold family ornographers in Sunday Sport ("The world's most outrageous paper")and a booming property empire. His tacky and vulgar mansion features as the Chairman's house in the chairman's house in the TV series Footballers' Wives.

He plucked 23 year old Brady from Saatchi and Saatchi where she had built up a healthy account with this soft porn empire to buy the bankrupt Birmingham City which she was to run - very successfully.

Sullivan studied economics at Queen Mary College at London University and would have been awarded a First but for BBC Economics guru Peston's father, the Professor at the time who hated the fur skin wearing, pink cadillac driving, rude but brilliant student.

His girl friend at the time, was a student of Frenchand ecnomics , Colette Bowe who (despite her Catholic upbringing) did some nude modelling gained notoriety / fame for taking the rap in the Westland affair when as Chief Information Officer of the DTI she leaked a crucial letter from the Solicitor General Patrick Mayhew to Michael Heseltine although she has never admitted it.

Colette kept her mouth zipped and went on to higher things , including chairmanship of the council of Queen Mary College, London University.

... and deputy chair of Thames Water, on the boards of Yorkshire Building Society, board member of Axa Framlington, Morgan Stanley Bank International, Goldfish Bank and Electra Private Equity plc. She is also a board member of the National Institute for Economic and Social research; a board member of Camden Peoples' Theatre and a trustee of the Wincott Foundation. Morgan Stanley Bank International, chair of the Ofcom Consumer Panel and as a member of the Statistics Commission .

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