Sunday 22 March 2009

MacInsider Trading?

This from the Scotsman...

Transport Scotland's former chief executive Dr Malcolm Reed told the Scottish Parliament in January that his finance chief Guy Houston, a shareholder with FirstGroup, had only taken part in two meetings "after the deal had been struck" on the contract to run ScotRail.

But the agency has now admitted that Houston actually attended several other internal meetings at Transport Scotland when the decision over the lucrative ScotRail contract was still being discussed.

Last week, it emerged that when Transport Scotland was discussing the deal with the firm, Houston was increasing his shareholding.

Perhaps there is a chapter devoted to this disgraceful affair in Moir's lovely book?