On Apr 2, 2015, at 5:32 AM, Gabe Menezes <[email protected]> wrote:
"Regarding The G.O.A. (U.K.) Ltd and it's ultimate demise as portrayed in the book, I would like to clarify that the Loans given to the Association by myself, Jason D'costa and Norton Antao were not Commercial loans. This money was given at better than what could have been obtained from a High Street Bank, i.e. the Bank of England lending rate was used; furthermore these loans were given without security i.e. unsecured loans. It would have been nice to have mentioned the donors; as the piece was intended to be an Historical account. It is not everyday that a sizeable sum of money is lent unsecured. In this instance the amount was £50,000. The point is that this was not a Commercial Loan. Bunkum History...." COMMENT: The matter of this unsecured loan, Gabe and GOA (UK) comes up again.....in time for the Ressurection. The mere fact that Gabe repeatedly raises this topic in a public forum - indicates that something truly is amiss. I do not know the details of this case. However, I'd say this GENERICALLY: 1: Unless specifically Written Off by the lender, A Loan (be it unsecured or not) ought to be paid off according to the terms of the loan. 2: Those who sign-off on the receipt and spending of the loan monies, have the Moral Responsibility to organise to find means and ways to Pay Off this Loan. I wonder IF the Theft Act (1968) as amended by the 2006 Act applies ! 3: Whether the lender has the funds to absorb the 'loss' or not - is immaterial. 4: Not revealing the names of this loan in any Historical Account (present or future) even IF the Loan has been paid off is akin to Revisionism. Back to this specific loan: I wonder IF Gabe et al were contacted (by the writer) for info relating to the said loan. Not sure IF the writer was even made aware of the lenders who may have suffered personal financial losses - as a result of this loaning of the funds. While I wish NOT to be involved in internal UK GOA politics, this matter is now in the public domain. ALL Goans should wish it to be settled and settled quickly. Even if he has done this before, I wish Gabe writes an impartial account of the issue - offering the other side an opportunity to counter-point any claims Gabe makes. jc
