Posgate and Grob cleared of theft charges

Title

Posgate and Grob cleared of theft charges

Genre

News report; Press conference

TX Date

17 Aug 1989

Year of production

1989

Play audio

To listen to the audio files, please log in.

Duration

00:02:31

Description

Margaret Shiels reports on the acquittal of former leading Lloyd’s underwriter, Ian Posgate of a multi-million pound plot to steal insurance funds to buy a personal stake in a Swiss bank. As he left Southwark Crown Court, Posgate said he feels totally vindicated after a seven year battle to clear his name. His co-defendant Kenneth Grob, former chairman of the broking giant Alexander Howden, was also cleared of 16 charges of theft and also makes a press statement. The jury spent more than three days deliberating after a complex fifteen week trial.

Contributors

Margaret Shiels; Ian Posgate; Kenneth Grob

Keywords

London; Fraud; Insurance; Trials; Robbery; Stockbrokers; Insurance brokers; Alexander Howden; Southwark Crown Court; Lloyd’s of London

The copyright of audio recordings in the LBC / IRN Digitisation Archive is owned by Global Radio UK Ltd.