by PaulWrightson72 7 Replies latest watchtower scandals
The IBSA spent £6m buying two plots of land near WT house and spent another £10m on building and fitting out the flats. Since there are only 15 flats there, that works out at over £1m/flat - and these are 2 bedroom flats only. Similar flats nearby are marketed to the very top of the market. No doubt who will be living in them?
P
You got any links or suitable proof for your assertions or do we just take your word for it?
Welcome to the wide awake club btw..
Yes. 1. Look at the IBSA's accounts at the Charities Comm.
2. Do land registry searches on 92 to 96 and 126 to 130 Holders Hill Road, which cost £3.6m and £1.8m before taxes, costs etc - and that was just for the land
http://apps.charitycommission.gov.uk/Accounts/Ends47/0000216647_AC_20120831_E_C.pdf
The society sold property assets for over 8 million GBP in 2012/2013 but still had 71 million GBP of property assets.
Essentially the Society has always made its money from buying land and old buildings , refurbishing and building with free labour , holding for a few years then selling. And doing it again. And again. Rinse & repeat. It isn't exactly rocket science , but it isn't really ethical either. I do feel sorry for the guys who toiled for years thinking they were doing "God's will" only to see the property being flipped for a big profit. Selling the New Zealand Bethel to another religion (AKA part of Satan's Babylon the Great ) must be especially galling. The Irish Bethel is still being mothballed awaiting a purchaser at less than a third of the price the WTBTS could have got in 2008 http://cms.mol.ie/uploads/Watch%20Tower%20House,%20Newcastle.pdf
Doubtless the new Bethel in Essex will end up getting flogged off in 20 years or so and it will be time again to re-locate.
That's what is particularly confusing about the Welsh purchase. I was asking a JW friend about it who is a high up UK elder who stays in for family / social reasons & has a lot of contacts in the UK Bethel & he can't figure it out either , other than that the WTBTS has a vast amount of cash sitting on deposit earning pennies and are desperate to invest it , splashing the dosh like a lottery winner in Harrods. A far more obvious move would be to buy and gut ( for example ) a run down farmhouse or have a new build somewhere. The potential to make a big profit by upgrading & selling on the property in Bangor is pretty limited.
So apparently, someone just needs a nice place to chill-out for the occasional weekend.
The first KH I ever attended was sold to another church part of Satans evil empire, wonder why the GB doesnt mind taking Satan's money.
dozy Selling the New Zealand Bethel to another religion (AKA part of Satan's Babylon the Great ) must be especially galling.
And this, after dedicating it's usage exclusively to Jehovah.
I didn't realize dedication was such a trivial and fickle thing.
Splash
Hi Paul,
Welcome to JWN. Thank you for this info. Very interesting indeed. The WT are all about power and money. They are a property developer as well as a publishing company. Thanks for the evidence. Kate xx
