Sir Douglas Graham and three other directors of the failed Lombard Finance company were recently found guilty on four charges of making untrue statements in their company's offer documents. Having being convicted of a serious crime automatically strips him of his 90 per cent international travel rebate that he was entitled to as a former MP. The next step is for Graham to immediately relinquish his knighthood, rather than have the Prime Minster be placed in a situation of requesting the Queen to strip him of it. It's not a good look to have a convicted criminal being called 'Sir” when he's picking up rubbish in the hospital car park, while undertaking his community service work.
Sir Douglas Graham is on record as saying 'the directors regretted that investors may have been misled and were out of pocket.”
After saying that, he now has the audacity to suggest he may appeal his convictions, clearly this man has not come to terms of the gravity of his actions, with no remorse or concerns whatsoever for the investors he mislead.
Brian Porter, Welcome Bay.
1 comment
Graham should relinquish knighthood
Posted on 16-04-2012 14:27 | By algail
Just accept it old boy there is a class system in New Zealand just as there is in England. People of the upper class can suffer convictions with penalties that would hurt less than a slap with a wet bus ticket after stealing in one form or another millions and millions of dollars. But have a working class man or woman steal $500 and he / she would be inside before their feet touch the ground. Great shame has been brought to the system of awards and knighthoods by this man and since he has no shame he will appeal his conviction and do his best to keep the knighthood which should have been removed automatically on conviction of a criminal offence. I doubt if anyone with such a conviction would have dogs show of ever being awarded a knighthood. Alastair Bethlehem
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