SGH, page-93

Broadly I agree with you on that however:-

'No fraud will be proven because no-one is looking for it. ' :
Surely that's simply not true? The Serious Fraud Office is looking into it (although one could debate for hours whether they have teeth or just worn our dentures).

'Perhaps the SGH bailout of Quindell shareholders reduces the pressure on the pommy SFO to claim a scalp':
I do hope not as that just condones fraud if indeed it existed. If it is proven then there has to be a scalp, and that is likely to be one of the former directors and so with limited payback....but I suspect it will end up with a 'short haircut' as opposed to a 'scalp' as I'm a cynic.