pominoz said:
FantasyIreland said:
To quote another 'because he was born into a system that stinks'
Apparently he inherited a baronetcy from his father who passed in 2003,this is enough to give the (allegedly) crooked fvcker the title,ycnmiu,disgraceful!
I thought the prick may have earned it (some how),silly me.
Yea he must have got it for his business dealings....
Thatcher was later employed in the jewellery business and was involved in a succession of unsuccessful career attempts in the Far East.[citation needed] His business dealings at the time that his mother was the Prime Minister were the subject of much press attention.
In 1998 South African authorities investigated his firm for running loan shark operations. A company owned by Thatcher offered unofficial small loans to hundreds of police officers, military personnel and civil servants. When they defaulted on the loans they were pursued by debt collectors and charged 20% interest rates, according to the Star of Johannesburg.[7]
Other widely reported Thatcher embarrassments include allegations of U.S. tax evasion (a criminal case was eventually dropped) and a racketeering case in Texas which was settled out of court. According to The Daily Telegraph of 26 August 2004, "In 1998, he was at the centre of a scandal after he lent huge sums of money at exorbitant interest rates to more than 900 local police officers and civil servants in Cape Town. He admitted lending the cash but insisted that he had done nothing wrong. He is also thought to have profited from contracts to supply aviation fuel in various African countries."
The Sunday Times, quoting "city sources", said he had amassed a personal fortune of £60m, the majority of which is in offshore accounts, attributed to shrewd investments and a series of "astute deals in Africa".
Or he could have got it for his diplomatic work.............
On 25 August 2004, Thatcher was arrested at home in Constantia, Cape Town, South Africa. He was charged later that day with contravening two sections of South Africa's "Foreign Military Assistance Act", which bans South African residents from taking part in any foreign military activity. The charges related to "possible funding and logistical assistance in relation to [an] attempted coup in Equatorial Guinea" organized by Thatcher's friend, Simon Mann. He was released on bail of 2 million rand and spent a period of time under house arrest, but was bailed to London to live with his widowed mother while his wife and children moved to the family's home in Dallas, Texas.
On 24 November 2004, the Cape Town High Court upheld a subpoena from the South African Justice Ministry that required him to answer under oath questions from Equatorial Guinean authorities regarding the alleged coup attempt. He was due to face questioning on 25 November 2004, regarding offences under the South African Foreign Military Assistance Act; however, these proceedings were later postponed until 8 April 2005. Ultimately, following a process of plea bargaining, Thatcher pleaded guilty to negligence in investing in an aircraft "without taking proper investigations into what it would be used for". Thatcher admitted in court that he had paid the money, but said he was under the impression it was going to be invested in an air ambulance service to help the impoverished of Africa. This explanation was not believed by the judge and he was fined three million rand (approximately $500,000) and received a four-year suspended jail sentence.
On 3 April 2005, Thatcher, then living with his mother in Belgravia, London announced that his family home would be in Europe after he was refused a residence visa to live in the United States as a result of his guilty plea in the Equatorial Guinea affair. His children, he stated, will be educated in the United States.[citation needed]
Under the headline "Mark Thatcher — undesirable in Monaco?" French newspaper Le Figaro reported on 20 December 2005:
"Margaret Thatcher's son, the former British prime minister's nefarious offspring, will not be installing himself in the principality of Monaco as he hoped." A spokesman for Prince Albert II of Monaco told Le Figaro that Thatcher's residency card would not be renewed. "He has a temporary residency card valid for one year. It will not be renewed when it expires in the second half of 2006 and he will have to leave." The spokesman, Armand Deus, added: "I cannot say why it will not be renewed. But the Prince made things very clear during his investiture in July when he said that ethics will be at the centre of life in Monaco."
In Equatorial Guinea in June 2008, Simon Mann claimed during his trial testimony that Thatcher, now resident in Spain, "was not just an investor, he came completely on board and became a part of the management team" of the coup plot
FOOKING THIEVING LYING RIGHTWING TORY SCUM
