GLASGOW SENSATION
v, MANY BUSINESS MEN ARRESTED. f United Press Association.—By Electric Telegraph.—Copyright.] LONDON, February 17 A sensation was caused in Glasgow when it became known that thirteen business men had been arrested in connection with the affairs of a two million sterling company, Scottish Amalgamated Silks, Ltd. It is at present m liquidation. Business at the Glasgow Stock Exchange was practically at a standstill while the news was discussed. i The arrested men’s .relatives and { friends rushed to the police station, -fN where a number of brief interviews were permitted. The accused are expected to appear at the police court to-day. In the meantime the charge is only known against one of the accused, who is alleged to have formed a fraudulent scheme, with others* whereby £438.000 •Svhieh was subscribed by the public lias allegedly been appropriated to their own use.
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Hokitika Guardian, 18 February 1931, Page 5
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142GLASGOW SENSATION Hokitika Guardian, 18 February 1931, Page 5
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