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Tory peer reveals 'IRA shipment bid'

A tory peer has claimed the IRA had taken over and wrecked public companies, costing investors £3bn — but that he had been appointed by the former governor of the Bank of England, Eddie George, to take control of and rescue some of the firms.

Lord James (73) gained some notoriety last November when he claimed in a Lords speech that a shadowy organisation called Foundation X wanted to invest billions of pounds in the UK.

Speaking in the House of Lords last night, he recalled one occasion when he was told by an “Irish voice” that he needed to deliver £7m to a port where a shipment was arriving, but he was able to tip off the authorities.

“When the ship had eventually got there, the SAS had very kindly helped them download the cargo,” he said.

“There were two tightly sealed containers on the dockside, one containing 12 extremely angry Irishmen and the other one contained the entire collection of Semtex and other material being sent from a country I will not identify.”

He added: “Meanwhile, the most angry person was the captain of the ship who had to get a signature on a piece of paper to release the £7m.

“The Irish were now so upset that they were not going to incriminate themselves by signing it, so I had a very good day and the £7m was back in my company's bank account by the end of the day.”

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