On the other side of the table sat the chairman of the committee, Sir Piers Thornton, a former sheriff of the City. On his right, Nigel Foreman of NatWest, and on his left, Sir Bertram Laing of Price Waterhouse. However, perhaps the most important figure present was Henry VIII, whose portrait hung on the red-velvet-covered wall behind the chairman to remind everyone who had originally granted this august body its royal seal of approval.

Sir Piers offered a benign smile before he opened proceedings. “Good morning, gentlemen. I’d like to begin by thanking you all for attending this enquiry.” What he didn’t add was what the consequences would have been had they failed to do so. “As you know, Mr. Gavin Buckland, who has worked as a commodity broker at Farthings for the past eleven years, has levied a serious accusation against Mr. Hakim Bishara, the bank’s chairman. He claims that Mr. Bishara ordered him to purchase a large number of shares in Amalgamated Wire at a time when he knew it was involved in a takeover bid for another company. To compound matters, that company was represented by Farthings Bank.

“Mr. Buckland told the committee that he refused to carry out the order as he knew it was against the law and so, to quote him, ‘with a heavy heart,’” said Sir Piers, looking down at the written statement in front of him, “he decided to report the matter to this committee, and supplied us with a tape of his conversation with Mr. Bishara. The purpose of this inquiry, Mr. Bishara, is to give you the opportunity to defend yourself against these charges.”

The chairman sat back and produced the same benign smile to show he had completed his opening statement.

Arnold Hardcastle rose from his place on the other side of the table.

“My name is Arnold Hardcastle, and I am the bank’s legal advisor, a position I have held for the past twenty-two years. I would like to begin by saying that this is the first occasion anyone from Farthings has been asked to appear before this committee since the bank’s foundation in 1866.”

The benign smile returned.

“I am joined today, Sir Piers, by the chairman of Farthings, Mr. Hakim Bishara, and his chief executive, Mr. Sebastian Clifton, both of whom you will be acquainted with. The other member of our team, with whom you will not be familiar, is Professor Daniel Horowitz of the Smithsonian Institute in Washington, DC. He will explain the presence of the fifth member of our team, Matilda, who also hails from the Smithsonian.