Even the owners of the institution begin to lose track of its activities and misapprehend its real standing. No one knows. The fog enshrouds even those who created it in the first place. No proper financial control and audit is possible under such circumstances. Less scrupulous members of the management and the staff of such financial bodies usually take advantage of the situation.
Embezzlements are very widespread, abuse of authority, misuse or misplacement of funds.
Where no light shines, a lot of creepy creatures tend to develop. The supervision department of the Bank of England, under whose scrutinizing eyes this bank was supposed to have been - was proven to be impotent and incompetent. The combination of black money, shoddy financial controls, shady bank accounts and shredded documents proves to be quite elusive. It is impossible to evaluate the total damage in such cases. The third type is the most elusive, the hardest to discover.