Olympic Land Acquisition 2

MQT on 2009-11-18
Session date: 
November 18, 2009
Question By: 
Len Duvall OBE
Labour Group
Asked Of: 
The Mayor


In Written Answer 2892 / 2009 regarding the failure of the Patience Wheatcroft Panel to identify the £160m hole in the Olympic Land Acquisition budget, you state that the 'primary focus [of the Panel] was on projects and activities highlighted in the Evening Standard allegations'. Does the fact that you assembled a Panel, at a cost of £50,000 to the taxpayer, with the specific remit of investigating politically motivated allegations (that largely transpired to be untrue) instead of carrying out high-quality due diligence work, confirm that the Panel was little more that a witch-hunt?


Answer for Olympic Land Acquisition 2

Answer for Olympic Land Acquisition 2

Answered By: 
The Mayor

The Forensic Audit Panel was a valuable piece of work that helped the LDA's new leadership and myself to assess the organisation's strategic direction and refocus its priorities. Furthermore, the panel successfully identified areas of systemic weakness, which the new LDA Board has been tackling vigorously.

The improvements instituted by the new Board in response to the Forensic Audit Panel's recommendations, allowed the issues within the Olympic directorate to come to light and enabled the Agency to respond swiftly to balance the books.