He doesn't know what he's talking about and Stefan knows it's a waste of time even trying to argue with him. He suggests City are being obstructive, that there are examples of large scale fraud or conspiracies/scandals (Enron and the Post Office) and his obsession with our owners being dodgy means he concludes we must be guilty. I would have liked Stefan to ask him how many other scandals of such nature he can name...there's a reason these things stick in the mind, and that's because they don't happen very fucking often!
As Stefan says, if we were trying to get away with something it would be incredibly odd to have been willing to take it this far. There weren't inconsistencies at CAS, I don't believe Jordan has ever read that decision - not in any depth. He still thinks we were guilty but for loopholes and that the fine amounts to guilt in any case.