The FCA shying away from this seems odd. Does that mean that any financial crime occurring in the time of the FSA is pardoned? Surely not. What a day for any other financial institutions to break bad news about previous iffyness!
And another thing (there always is): surely they have committed a fraud by issuing a false document intending to obtain money, knowing it to be false. Haven't they done enough to have their licences called into question? Just what do the money men have to do to be called to account? Oh, of course, silly me! The directors and backers are known to certain 'honourable' gentlemen! Anyone seen Private Eye? Split my sides.