Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
'Did McAlpine launder money under Thatcher's nose?', Scallywag issue 26, 1994
Did McAlpine launder money under Thatcher's nose?

Scallywag issue 26, 1994

In edition 22 of this magazine we gave chapter and verse on how the tentacles of a viscous paedophile ring in North Wales and elsewhere had spread to penetrate every important section of the establishment, including, quite prominently, the biggest wigs in the Tory party.

It caused something of a flutter, but we have yet to get so much as a solicitor's letter over any of these most serious allegations. Right at the top of our dishonours list was Lord McAlpine, former fund raiser to the Tory party, and one of their die-hard heavyweights.

We named him because we knew at the time that he was under investigation by a police force who had been brought in to find out the complicity of various police officers who were either part of the filthy ring, or involved in extensive cover-ups. We have always alleged, now more so, that the whole rotten affair had a predominantly freemason aspect.

Iron Lady

After a lunch members of this staff had with a former Tory minister in the Winston Churchill restaurant in the Palace of Westminster itself, we can now reveal that as the collective net closed in around McAlpine while he was still in office as the party treasurer, his 'dire' situation was brought up for discussion at a cabinet meeting during Margaret Thatcher's reign in office.

Thatcher asked the cabinet what their advice was in the event of the paedophile allegations becoming public, which at that time they threatened to do. The investigating police had already submitted some reports to the then Director of Public Prosecutions for their 'advice'.

As we had also alleged that members of this body were also involved, we were not at all surprised when the DPP decided there was "not sufficient evidence to proceed with trial" (against the police officers). But at the time, the cabinet did not know that.


It threatened to blow the very heart out of the party, just on the eve of Thatcher's sudden demise. Intense and heated debate followed, according to our source who was there. Some of the cabinet defended McAlpine and said the allegations were 'impossible'. Others argued for throwing him to the wolves. Maggie considered everything and then decreed: "I think the best course is to ask McAlpine to quietly step aside and get out of the limelight for a while. Then we can only hope for the best."

There was no further argument that day, and very shortly after that McAlpine made an excuse and left. Officially, everyone extolled his virtues. But in fact the whole thing was a classic and devious closing of the establishment ranks to protect an erring member.

Since then McAlpine has begun to creep back into Tory party favour and most Parliamentarians seem to have forgotten the furore which could have brought them down.


But the story is not over by a long chalk. Now Fraud Squad officers have been alerted to investigate allegations that while McAlpine was a fund-raiser he not only created a slush fund, but got into a money laundering operation, using the Tory party bank accounts.

Our sources claim that much of the slush fund was used to help cover up the activities of his fellow conspirators in the gay-paedophile ring, and other impending sex scandals. But a new question mark now hangs over the money laundering allegation. Is this where Mark Thatcher managed to 'cleanse' his dirty-dealing money?

As McAlpine was at the time very much under the patronage of the prime minister, it would have been the ideal cover to launder illegal funds through the very offices of the Tory party. Who, at the time, was ever going to expose such a scandal and invoke Maggie's wrath?

She had gone on to basically exonerate the crooked lord, even though there was now serious evidence that he had molested little boys in a notorious children's vice ring.

Mark was always "Mummy's little boy" and he could do no wrong.

But how does Michael Heseltine fit into this complex puzzle? We're not quite sure, but when he had his ill-fated heart attack in Venice, he had not only taken his long-time mistress along for a sexy weekend, but had done so to meet McAlpine. Did the builder threaten that, if he was exposed, he would definitely take the Government with him? Starting, of course, with Maggie herself?

One thing is for sure. McAlpine, one way or the other is for the high jump because too many people now know about his rotten habits and business dealings. What can only be estimated is that if he sings how far it will go into putting the final nail in the Government's stinking sinking coffin.

Forum Jump:

Users browsing this thread:
1 Guest(s)