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In article exists such claim: "He was born Juozapas Kaganas into a Litvak family" - this is not true. In 1915, even till 1917 German civil government in Lithuania issued birth certificates that were written in Russian. Therefore name Juozapas Kaganas was impossible to appear. In reality he was born as Іосиф Каганъ - Iosif Kagan.77.221.91.122 (talk) 21:15, 24 February 2015 (UTC)[reply]
...the raincoats became fashion icons, and were worn by world leaders such as Lyndon Johnson, Mao Zedong and Nikita Khrushchev, as well as by Queen Elizabeth, the Duke of Edinburgh and the royal corgis.
In the late 1970s I was manager of the Leeds Office of 3i in Leeds. We owned a minority interest in Kagan Textiles Ltd and were somewhat surprised that after years of profits the company suddenly started losing money. Joe Kagan, who owned the rest of the company, gave me a rather poor explanation.
The VAT authorities were concerned that the companies VAT returns were not correct and started an investigation and they found large purchases of indigo from somewhere in East Europe. The company paid for these purchases by a bank transfer to the Swiss bank account of this so called supplier. They asked the bank for proof that the account that received the cash was fully authorised to receive the money. Amazingly the bank sent a document showing the authorisation which had Joe Kagan's signature on it, proving the money effectively went to him.
Joe was accused of theft not tax evasion to ensure he could be extradited from France. He was free to travel within the UK and he invited me to a meeting to discuss the situation shortly before the court case was to be held. He immediately asked me if we would sell him the shares in his company that we held. I said yes but the price would be higher than the current value of the company given its recent performance. He gave me a very high price and I said it would need the support of my manager in London.
I returned to my office and called my chief legal officer to ask his advice and then spoke to my manager who told me had just agreed to meet Kagan in London. I recommended that he ask our chief legal officer to be present. The price was agreed and Kagan found the money to pay very quickly, so he owned 100% of the company when the court proceedings commenced.
I attended the court meeting as an observer and it was interesting that Kagan claimed he had been extradited illegally because he owned 100% of the company so he could not be accused of theft and tax evasion was not an offence that would allow extradition. The judge rejected this and said what about the employees and creditors. Kagan was found guilty and we did not have to worry about our investment anymore. To reduce the possibility of hefty fines, Kagan claimed he was penny-less but ignoring the fact that he owned houses in Smiths Square, West Yorkshire and the Scilly Isles and managed to buy our shares in a few days.
Over the previous months I learnt a lot about Kagan and Harold Wilson his good friend much of which is hearsay and covers scandalous matters, but the one thing I am sure is that Wilson told Kagan that the government was very much being pressurized by its left wing to confiscate or tax valuable businesses. This made Kagan think of what happened to his family business in Lithuania when the Nazis and Soviets treated it so badly hence his attempt to asset strip Kagan Textiles Ltd. 84.66.43.220 (talk) 08:52, 11 April 2024 (UTC)[reply]