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Today in Focus

The Great British motorcycle scam – part one

Today in Focus

The Guardian

Daily News, News

4.65.9K Ratings

🗓️ 24 July 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

Norton Motorcycles was once one of the most prestigious brands in motorsport. So how did it become the vehicle for a multimillion pound pension fraud that has left investors penniless? Simon Goodley reports. Help support our independent journalism at theguardian.com/infocus

Transcript

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0:00.0

This is the Guardian.

0:08.4

Today, the first in a two-part investigation,

0:12.8

how a luxury British motorcycle brand,

0:15.9

became the vehicle for a multi-million-pound pension scam.

0:30.1

It's a story that I became involved with about three years ago.

0:35.3

Simon Goodley is an investigative reporter with the Guardian's business desk.

0:40.0

His thing is drilling into the finances of big companies.

0:44.4

He's worked on huge global investigations, like the Pandora papers and the Uber files.

0:50.4

He went undercover to expose illegal working conditions at Sports Direct.

0:55.6

But there's one story that he keeps coming back to.

1:05.0

An investigation he did alongside ITV News back in 2020,

1:10.0

into a huge pension fraud at one of the biggest names in UK manufacturing.

1:14.8

Where's the money gone, Stuart Garner?

1:18.7

Have you benefited from the millions of pounds that you've had?

1:22.1

Norton Motorcycles.

1:24.4

Then run by a man called Stuart Garner,

1:27.6

a man who sold the promise of a return to an era when British engineering led the world.

1:34.8

And the hand-built British Norton that just kind of delivers everything with a little bit more

1:41.0

swagger and a little bit more exclusivity than the mass market superwipes that we're out there today.

1:47.2

A man who seemed to rise to the very top of public life.

1:54.4

His company receiving a string of endorsements from some of the most senior politicians of the day.

2:00.0

He was invited onto the Prime Minister's jet and received gushing praise from Chancellor George Osborne.

...

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