Blue Arrow
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- For a push-pull train model in China railway, see DJJ1.
Blue Arrow is a British employment and recruitment agency.
In 1987 the company was the centre of a financial scandal when employees of NatWest's investment arm, County NatWest, covered up a failed issue of £873 million of new stock (intended to finance the takeover of Manpower Inc., another employment agency). The Department of Trade and Industry report into the affair was critical of the bank's management, and resulted in the resignation of several members of NatWest's board, including the chairman Lord Boardman.
Fourteen former bank officials were tried in 1992, but only four were convicted and these convictions were later overturned on appeal. The appeal court judgement described the original trial, which had lasted 13 months, as a "costly disaster", and the case is often cited as an indication of the problems of involving juries in lengthy and complex financial fraud prosecutions. At the time, the trial was estimated to have been the second-longest criminal trial in English history, and to have cost £40 million.
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