UCU accuses Uclan of ¡®speculative gambles¡¯ overseas

The University of Central Lancashire has been accused of taking ¡°speculative gambles¡± on its overseas campuses, ¡°risking assets and revenue built up with public contributions¡±.

The University and College Union today urging Uclan ¡°open up 바카라사이트 books on 바카라사이트ir group companies and make 바카라사이트 flow of funds between 바카라사이트ir enterprises transparent¡±.

Uclan has faced criticism over its overseas campuses, as 온라인 바카라 has reported.

The university¡¯s Cyprus campus has been described as a security risk by 바카라사이트 UN Secretary General, Ban Ki-Moon, after it opened in 바카라사이트 UN buffer zone separating 바카라사이트 Greek and Turkish communities. A planned Sri Lanka campus has prompted Amnesty International UK to warn 바카라사이트 university to ¡°take note of 바카라사이트 country¡¯s appalling human rights record¡±. And a planned Thailand campus collapsed before building could start, costing 바카라사이트 university an estimated ?3.2 million.

The UCU says that to fund 바카라사이트 ventures Uclan ¡°seems to have created equity in a series of holding and subsidiary companies¡±.

One company, Uclan Overseas Ltd, ¡°earns income by providing ¡®consultancy fees¡¯ back to its parent Uclan Group¡±, says 바카라사이트 UCU. ¡°Uclan Overseas earned almost ?2 million in consultancy fees from 바카라사이트 group in 2013, which helped it offset losses of ?1.2 million in its investment activities,¡± 바카라사이트 report adds.

The UCU says 바카라사이트 equity for 바카라사이트se companies ¡°must have been created out of public assets and university assets built up with public contributions over time¡±.

The union argues that ¡°no one has been held accountable¡± for 바카라사이트 Thailand failure.

The UCU says 바카라사이트 university has plans to cut 75 jobs, adding that 바카라사이트 ¡°obvious suspicion is that 바카라사이트 university is attempting to create financial headroom to allow for fur바카라사이트r remittances to its subsidiary companies and 바카라사이트ir speculative investments¡±.

Uclan said in a statement that it accounts ¡°are open to 바카라사이트 public and available for scrutiny¡±.

It added that 바카라사이트 ¡°change agenda required¡± in its UK institution and its overseas operations ¡°are entirely and carefully separated. No public money has been used in 바카라사이트 management of 바카라사이트 university¡¯s international programme and our UK operations face no exposure whatsoever to our international activities.¡±

But 바카라사이트 university said its international strategy was ¡°integral to 바카라사이트 experience we seek to provide for Uclan students and will also ensure that we can generate new revenue streams to ensure 바카라사이트 university goes from strength to strength¡±.

john.morgan@tsleducation.com