FATAL Campaign

Families Advocating Transparency in Autopsies of Loved Ones

Was Richard Chang’s death covered up?

Suspicious death of Richard Chang at Abbey National headquarters, Euston, London 13 July 2004. He was a senior Risk Business analyst who worked for Abbey National Treasury Service, now a part of Santander UK from 2002 and until his death 13 July 2004. He was a highly intelligent happily married family man with two teenage children.

He went to work as normal on the 13 July 2004 and was told to attend a meeting. This meeting with Kroll Associates turned into an interrogation about malicious anonymous documents relating to fraud by senior directors. Howard Jones a former detective superintendent from the Metropolitan police, from Kroll tried to force a confession from Richard over a two-hour period.

During a break in the interrogation by Kroll Associates, Richard was allegedly reported missing. An unreliable witness reported that he saw Richard climb over an internal balcony and fall from a height of 80 feet to his death. Police witness statements stated that the cranium split open but there was no blood on the floor.

The verdict at the Coroner’s Inquest was suicide. The parents, sisters and friends of Richard Chang believe the circumstances relating to Richard’s death are suspicious and the truth has been covered up.

More information > 

The post-mortem done by the discredited former Home Office pathologist Dr Freddie Patel is now under question and is being investigated by the General Medical Council. Dr Patel is known recently for the questionable Ian Tomlinson postmortem who he recorded the cause of death as natural causes and the postmortem of Sally White who was murdered by Anthony Hardy, the Camden Ripper. Dr Patel also recorded the death as natural causes. Read more >

Richard’s Job

Richard at the time of his death was working on a project called the Basel II

Basel II is an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations.

Visit these links:

www.searchsecurity.techtarget.co.uk/definition/Basel-II

www.en.wikipedia.org/wiki/Basel_II

Abbey National’s banking history:

www.en.wikipedia.org/wiki/Abbey_National

2001

The government blocked Lloyds TSB’s £18.2bn takeover bid for rival Abbey National, saying the merger would be against the public interest. Read more >

2002

The Guardian reported the following:
Abbey National is a disgrace to Britain’s savings industry. It may not be in the same league as Equitable Life, the stricken pensions group that has ruined the retirement plans of thousands of investors, but it is not far off.
Abbey has behaved in an irresponsible and cavalier fashion, lending money by the bucket load to companies that have either gone bust, or look as if they might. Financial controls and risk management appear to have gone out of the window.
Read more >

2003

The Guardian reported the following:
£1bn loss, £7m pay-offs – Abbey National retreats to its roots
Abbey National yesterday reported a near £1bn loss and revealed it had paid out more than £7m to former directors.

Abbey National Treasury Services Investments Ltd 2003 Accounts
The profit of the year after tax was £34 million . An interim dividend of £76 million was paid during the year.

26 July 2004 (just 13 days after Richard died)
Story from BBC NEWS:
Abbey agrees to Spanish takeover
Abbey National has agreed to be taken over by Spain’s biggest bank, BSCH, in a deal valued at about £8bn ($15bn). £11bn less than was offered by Lloyds TSB in 2001

Sarbans-Oxley Act:
During the interrogation Richard admitted to looking up Sarbans-Oxley website

Sarbanes-Oxley Act Section 802:
This section is listed within Title VIII of the act (Corporate and Criminal Fraud Accountability), and pertains to ‘Criminal Penalties for Altering Documents’.

Summary of Section 802:
This section imposes penalties of fines and/or up to 20 years imprisonment for altering, destroying, mutilating, concealing, falsifying records, documents or tangible objects with the intent to obstruct, impede or influence a legal investigation. This section also imposes penalties of fines and/or imprisonment up to 10 years on any accountant who knowingly and wilfully violates the requirements of maintenance of all audit or review papers for a period of 5 years

Stephen Hester:
Stephen Hester called in Kroll Associates.
Hester began his career in 1982 with Credit Suisse, where he started as chairman’s assistant. In 1996 he was appointed to the executive board. In May 2002 he joined Abbey National as Finance Director. He then went on to become Chief Operating Officer, a position he held until November 2004, when he was appointed Chief Executive of British Land. Hester was appointed non-executive deputy chairman of the newly-nationalised Northern Rock by Chancellor of the Exchequer Alistair Darling in March 2008, a role which he resigned from in September 2008 to take a non-executive position on the board of Royal Bank of Scotland.

In November 2008 he left British Land and on 21 November 2008 replaced Sir Fred Goodwin as Chief Executive of the RBS Group. Hester is paid an annual salary of £1.2 million by RBS. Alongside this, he took home £7.7m in bonus and pension payments

Nathan Bostock:
Nathan Bostock was named in the anonymous document and was responsible for selecting Richard for interrogation. He was the head of Abbey National Treasury Service when Richard died.

Mr. Nathan Bostock has been the Head of Restructuring & Risk at The Royal Bank of Scotland Group plc (RBS) since June 1, 2009 and is responsible for the risk & legal functions within it. Mr. Bostock has been Chief Executive of Wholesale at Lloyds Banking Group plc since July 19, 2011. He has vast experience in Wholesale Markets and deep understanding of risk management. Mr. Bostock served as Executive Director of Human Resources of Abbey National Plc from January 2007 to June 1, 2009 and served as its Chief Financial Officer and Executive Director of Retail Products & Marketing and Credit Cards & Insurance since January 2007 until June 1, 2009.

Mr. Bostock served as the Chief Financial Officer and Executive Director of Retail Products & Marketing, HR, Credit Cards & Insurance of Alliance & Leicester plc, a subsidiary of Santander UK plc from October 2008 to June 1, 2009. He served as Executive Director of Finance & Markets at Santander UK plc since February 22, 2005.

He joined Santander UK plc in November 2001 as Chief Operating Officer of Abbey National Treasury Services plc with responsibility for finance, market risk and operations. Prior to Santander, he served as Director of Group Risk Management and Chief Operating Officer, Treasury and Capital Markets at The Royal Bank of Scotland Group plc (RBS) from 1992 to 2001. Mr. Bostock served as the Head of Risk Analysis and Finance, Treasury and Interest Rate Derivatives (Europe) for Chase Manhattan Bank from 1988 to 1992.

He served with Chase Manhattan Bank since 1986, where he served in a variety of areas and functions. He previously worked with Coopers and Lybrand. Mr. Bostock served as an Executive Director of Alliance & Leicester plc from October 2008 to June 1, 2009. He served as an Executive Director of Santander UK plc from February 22, 2005 to June 1, 2009.

If you believe this matter is a public interest issue please write to your MP and police asking them to re-open the investigation into Richard Chang’s death.

For more information please contact  justice4richard@hotmail.co.uk

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