National Crime Agency: Fraud and Economic Crime Debate
Full Debate: Read Full DebateLord Sikka
Main Page: Lord Sikka (Labour - Life peer)Department Debates - View all Lord Sikka's debates with the Home Office
(1 year, 2 months ago)
Lords ChamberMy noble friend asks a good question. It is one that I am unable to answer; I cannot speculate as to whether it would have had that much operational impact on the National Crime Agency. I go back to the point I made earlier: the NCA is well resourced and its budget has increased year on year since 2019. I do not believe that it should have had any impact, but my noble friend is entitled to his point of view.
My Lords, can the Minister say something about why and how the Government protect those who engage in economic crime and fraud? Let me refer to an example. The Bank of Credit and Commerce International was closed in July 1991 after the biggest banking fraud of the 20th century. To this day, there has been no independent investigation. Through litigation against the Treasury, I obtained one document, codenamed the Sandstorm report, which shows that the Government are protecting al-Qaeda, arms and drug smugglers, murderers and others who committed fraud through that bank. I invite the Minister to place a copy of the Sandstorm report in the Library of the House and, if he will not, to explain what is so secret that it cannot be made public.
I will not place a copy of that report in the Library. I am afraid that I am not qualified to speak on events from 32 years ago.