§ 17. Mr. Hugh Jenkinsasked the Chancellor of the Exchequer to what extent Swiss banks are conniving in contravention of British exchange control legislation by accepting illegal exports of gaming club profits; and if he will take urgent steps to stop this activity.
§ Mr. TaverneCertain investigations are proceeding, and I cannot anticipate their outcome.
§ Mr. JenkinsIs my hon. Friend aware that, according to a report in the Sunday Telegraph, the sum of £20 million a year is reported by Scotland Yard to be drained away by Swiss banks which are illegally investing in British gaming clubs? This is a dividend upon illegal investment. Will the Minister cause his investigations to come to a speedy conclusion and take steps to stop this gambling?
§ Mr. TaverneI am not sure that my hon. Friend has accurately summarised the article in the Sunday Telegraph, which I have read. But certainly I agree that this matter requires investigation, and it is being investigated.