It is said that Grenville Turner (right) the Group Chief Executive of Countrywide Plc, has a reputation for turning around businesses operating in hard times.
He is, or should be, fully aware of current matters relating to Carsons Estate Agency, a subsidiary of Countrywide, which could jeopardize his track record by further damaging the reputation of Countrywide for integrity and competence.
Carsons has got into unholy mess involving a man they describe as a con-artist.
Instead of coming clean about the facts, in an attempt to evade responsibility, Carsons/Countrywide has engaged in a cover-up involving two separate investigations of “illegal dealings”. The investigations include possible corruption involving Carsons staff.
Fundamentally important evidence has been fabricated. Either a former member of Carsons staff is telling what is known to be a whopping lie, or his name has wrongly been associated with the lie.
Mr Grenville needs to decide whether he is willing to risk a reputation meltdown when, sooner or later, the cover-up story resting entirely on a claimed telephoned conversation, which never actually took place, unravels.
The case involves a Carsons client, Richard Denton, who after placing his trust in Countrywide, was made homeless for over a year as a direct result of the “illegal dealings”.
The principal investors in the Countrywide group, *Oaktree Capital Management, Apollo Management, Polygon Global Opportunities Master Fund and Alchemy Special Opportunities Fund, may wish to insist that Mr Turner personally investigates the matter and talks directly to those involved, who have provided statements as part of the so called investigations.
*Information as stated on 31 August 2010
Countrywide Plc: The UKs largest estate agency and lettings network. 46 high street estate agent brands.
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