Britain releases terror suspects

One of the raids which took place on 9th April

Twelve terror suspects arrested earlier this month have all been released without charge. The news barely made headlines due to saturation coverage given over to the Budget. That was perhaps enough bad news for one day. But the release of the terror suspects, who were described at the time as being part of a major threat to Britain, is unsettling. There are suggestions that although evidence exists, it is connected to surveillance which would not be admissible in British courts.

The news broke at mid morning on Wednesday, but despite the importance of the story both Sky News and the BBC switched to Budget coverage.

But there was still strong debate on the BBC World Service. Eleven of the suspects are Pakistani nationals and are now in UK Border Agency custody, facing possible deportation. Earlier today the Prime Minister said, "We are seeking to remove these individuals on grounds of national security.”

"The government's highest priority is to protect public safety. Where a foreign national poses a threat to the country, we will seek to exclude or deport them where appropriate," Gordon Brown added.

Lawyers are however fighting attempts to deport the men who they say are innocent of any crime. The Pakistan High Commission has also called for the men to be allowed to remain in the UK and continue their studies.

Only one man will be allowed to remain since he is a British citizen [Channel Four News / CNN].

Meanwhile Britain’s security threat remains ‘severe’.

Terror chief blunder forces early raids

Bob Quick, Britain’s head of counter terrorism, has resigned after a blunder which forced security services to bring forward an operation. Quick had been photographed entering Downing Street on Wednesday, but he had inadvertently held an important document in full view of the press. Although news organisations were contacted shortly afterwards the potential leak resulted in an anti-terrorism operation being launched earlier than expected [Sky News / BBC / CNN].

Twelve people were arrested in several areas in the north west of England late Wednesday afternoon. At least one person was arrested at Liverpool’s John Moores University in full sight of students studying in the library. Armed officers moved in swiftly to detain their suspect. There are conflicting reports as to how many people arrested at that location with students saying two men were taken away. Police say only one man had been arrested.

Across Liverpool several addresses were raided and a number of suspects were taken away by police. Five addresses in the Cheetham Hill area of Manchester, including an internet cafe were also raided in the operation. North of Manchester two men are understood to have been arrested at a Homebase DIY store in Clitheroe, where dozens of police officers carried out a raid.

The operation is said to have been connected to an imminent threat to the UK according to reports, the veracity, of which cannot be established. However the document carried by now former counter terrorism chief Bob Quick reveals some important details of Operation Pathway. Part of the document reads: “This is a Security services led investigation into suspected AQ driven attack planning within the UK”. The AQ is believed to refer to al-Qaeda. The document also mentions that there were 11 suspects at 7 addresses under investigation. Three addresses are identified as being in the Greater Manchester area while three others were in the Merseyside, or Liverpool, area. The other address was identified as being in Lancashire. All but one of the suspects are stated as being Pakistani nationals living within the UK on student visas. One is a British born national. The nationality of the twelfth person arrested in the subsequent raids remains unknown [Sky News / BBC].

Obama "to the rescue" as protests begin

Six protestors arrested driving an armoured vehicle

Barack Obama flew into Britain yesterday amid high security and under an intense media glare. There is anticipation that the US president will provide the impetus to help kick start the world economy as he joins 19 other state leaders at the G20 Summit. But it will take more than one man to pull the world out of its current downturn. There needs to be consensus amongst the other nineteen G20 leaders.

The French President Nicholas Sarkozy has already expressed his doubts and even said he may not sign any resolutions if they did not meet up to his expectations. There is already finger pointing with France and Germany accusing America of creating the financial crisis. And even Gordon Brown has made statements to the same effect, though he has backtracked since.
Speaking at the Foreign Office today the US President said, “I don’t want to identify blame I want to fix the problem”. He went on to quote a law professor who once taught him about responsibility versus blame. “Some are to blame, but all are responsible,” Obama said, adding that it was important for everyone to sit down together to solve the economic crisis.
Gordon Brown has continuously referred to the global problems requiring global solutions. And he echoed Obama’s stand that all the G20 countries should work together. “We must stand united to do what’s necessary,” Brown told assembled journalists.

There are fears that the G20 leaders will fail to meet consensus as there are too many vested interests. China is seeking to boost its export market as its projected growth drops below 8% and the numbers of unemployed soar above 20 million. But many Western countries may adopt protectionist policies, even if indirectly. Across Europe unemployment has grown significantly in the past few months and many countries in the Eurozone have fallen into recession. It has resulted in a fall in consumerism as people take a tighter hold on their expenditure.
There is a growing feeling that it is unlikely that any resolution will come together in the less than 36 hours during which the G20 leaders will come together. Indeed a larger proportion of time will be taken up with lunches and photo calls, leaving very little time for discussion.
The lack of faith in the G20 and increasing anger towards bankers and the government has encouraged many to take to the streets. On Saturday tens of thousands marched through London airing their grievances. And today hundreds of demonstrators have begun to converge on the capital.

There has been much media speculation that the protests may turn violent. But by noon most of the demonstrations had been lively but good natured. The occupants of an armoured vehicle were arrested after they drove into the financial centre. Six people were detained by police according to reports, and the blue ‘tank’ was impounded. Sky News also reported that three protestors had been arrested for possession of knives while another had been detained after assaulting a police officer.

British 'mini-Madoff' living in fear

Alleged rogue trader Terry Freeman's house has been vandalized

Yesterday Bernard Madoff arrived in a bullet proof vest as he arrived at a New York court accused of running a massive Ponzi scheme which lost investors billions of dollars. He is yet to be sentenced and remains in custody until June.

Madoff’s arrival in a bullet proof vest indicates the building anger towards rogue traders who have lost investors’ money. Although not on the same scale as Madoff, a British trader is also said to be in fear for his own safety following his arrest in February [BBC].

Arrest

Terry Freeman, 60, was arrested by City of London police who would only say that their Economic Crime Department had begun an investigation into GFX Capital Markets Ltd., a licensed, but separate, affiliate firm of the Swiss-based GFX Capital.

The Swiss firm grants clients like Freeman limited power of attorney, enabling them to act as effective “money managers” and solicit their own clients to trade on the GFX platform. Investors in Freeman business gave him the power to place trades, disburse money and pay fees in their name, though “critical account functions”, such as cash withdrawals, were supposed to remain with the investors.

GFX’s trading platform is run by Saxo bank, a Danish bank specialising in providing currency speculation services for retail clients across Europe. According to a Saxo bank spokesman, GFX Capital were an “institutional partner”. Saxo and GFX clients may prove to be big losers in the affair and Saxo’s lawyers are said to be looking into the case as a matter of urgency.

Speculation over disappearance

The tangled nature of Freeman’s affairs may take some time for authorities to unravel. However, the alleged fraud is already estimated to be in excess of £40 Million. Dubbed a ‘mini-Madoff’, Terry Freeman disappeared from his home on the outskirts of London. Speculation grew on internet forums as to where the trader had gone. Some suggested he may have fled to an apartment in Cyprus, said to be owned by Freeman.
The property is described as a “luxury resort apartment” close to the beach and town centre. The property which has a large living area, a balcony with sea views and access to a communal pool area, is a 5 minute walk to Paphos beaches and World Heritage Sites according to the property rental website Owners Direct. The website has been removed since Freeman‘s arrest.

Anger amongst investors

Since it was revealed Freeman had changed his name and continued trading despite being a disqualified director, anger has grown amongst those who have lost thousands in his so-called Ponzi scheme.

In mid-February, a week after his arrest, the Financial Times said Freeman had changed his name from Terry Sparks and that he had been authorised to act as a director by the Financial Services Authority more than two years ago. This in spite of being barred from taking such a role in companies until 2012.

The revelation has gathered investors together with many now seeking compensation from the FSA [Times]. The multimillion-pound compensation claim is the latest in a series of problems facing the regulatory body. In recent months they have been accused of being negligent in its monitoring of Northern Rock, the financial institution which ran into trouble last year.

“Living in fear”

Terry Freeman has not personally updated his blog since late January. However updates are still being posted.

Meanwhile Terry Freeman continues to protest his innocence. In a letter to his clients Freeman talks about how he has been continually libelled and slandered. “My right to a fair trial is constantly being compromised,” Freeman says. He also talks about how he has been living in fear. “My life and those of my family have been threatened continually, to the extent that I am effectively being forced to live a hand to mouth existence, under constant and real threat, unable to return to our home address,” Terry Freeman says. He also insists that he has not absconded and will defend himself vigorously in court. “I have not ‘disappeared’ and I am not living in a villa in the Cayman Islands,” Freeman tells his investors. “The reported ‘losses’ are obscenely exaggerated...and I expect to contest any allegations and charges and to be completely vindicated.”

The trader has much to fear. The anger amongst his clients has already spilled over with his house being vandalised. Obscene graffiti has been daubed on the property and white paint has been splashed on his windows. Police have said they are concerned but have yet to increase security around the former trader [Times / Daily Telegrapg]. It is not yet clear when any action by investors will start against the FSA, nor if any charges will be made against Freeman himself. It may be months before the true facts are exposed.

Binyam Mohamed detained under Terror Act

Binyam Mohamed, former Guantanamo Bay inmate and terror suspect, has been detained by the Metropolitan Police under the Prevention of Terrorism Act, Sky News have reported. The news organisation were the first to report this and brought better overall coverage of Mohamed's return to the UK.

As the Gulfstream jet came into land the 20 year old news channel provided full coverage right up to the point where the Ethiopian born terror suspect stepped from the plane. But as the plane touched down at 13:10 GMT, the BBC failed switch to Live coverage immediately and only brought viewers pictures as the plane taxied towards the terminal building. The BBC then cut away to continue with its One O’clock News bulletin and failed to bring viewers the Live shot as Mohamed stepped from the aircraft.

Sky News continued to cover the events on the ground with analysis provided by International Correspondent Tim Marshall. At 13:28 Mohamed emerged from the plane. Looking thin, he walked unaided down the steps dressed in dark blue jeans and a pale long-sleeved top. He also wore a white hat which appeared to be a taqiyah, a cap often worn by Arab Muslims. The bearded man had his head bowed for the short walk, and held what appeared to be papers under his arm. The BBC returned to cover the story after all the Live picture opportunities had ended shortly after 13:30 GMT. This coverage continued for over twenty minutes, but it was not until 13:56 GMT that moving pictures of Mohamed exiting the plane were brought to viewers. The story did not feature on CNN, al Jazeera, France 24, Russia Today, Press TV or CCTV.

Update: After several hours being questioned Binyam Mohamed was released. After his lawyers and spokesman gave statements to the press he was driven off into the night. As his car was pursued by photographers, Mohamed, now wearing a pale blue baseball cap, hid his face and shied away from the publicity of his new found freedom.