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The City Of London Has Imposed Major Sanctions On King. He Has Been Cold Shouldered For Four Years.

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Dave King is today reeling from a court judgement from the City of London Takeover Panel which has applied the black spot to him for a period of four years.

Known as “cold shouldering”, it is the regulator saying that King cannot be trusted to follow the law, and it is a notice that no company which deals on a regulated exchange should do business with him.

But the black spot is not something that can be easily escaped.

They still hold King to be a Fit and Proper Person … that surely now cannot be sustained when the City of London’s regulatory body has found him to be the complete opposite.

The toxicity of having their organisation chaired by a man who the City of London has deemed unfit and improper is a scandal that taints them all.

He has been found to be a deceitful man who, in the words of the Takeover Panel verdict, “will only comply with the Code when forced to.” This also has widespread implications for the Ashley case; the man who they are going up against is now on the City of London blacklist … that cannot be good.

This is the harshest sanction the City of London can apply to an individual … it is the Mark of Cain.
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