William Dalrymple has nailed the East India Company for what it was: ‘a supreme act of corporate violence’
A boardful of company directors are summoned to explain themselves to a Whitehall select committee. The Bank of England has already had to bail out the company, the British economy has taken a hit in the fallout and parliament has now been recalled to discuss the company’s massive debts. In the committee room, the corporate directors face allegations of embezzlement, bribe-taking and corruption. This includes the handing out of £210 million of ‘presents’ over an eight-year period. The scene is depressingly familiar, so is this Lehman’s? Facebook? Some of the stars of subprime? BAE? None of the above.