HC Deb 14 February 1977 vol 926 c25
23. Mr. Canavan

asked the Secretary of State for Trade whether he has completed his study of the Stock Exchange inquiry report into the company SUITS; and what action, if any, he intends to take.

Mr. Clinton Davis

In the light of the evidence in my possession, I have concluded that there are no good grounds for appointing inspectors under Section 165 of the Companies Act 1948. My right hon. and learned Friend the Lord Advocate has not yet concluded his inquiries into the matter.

Mr. Canavan

Will my hon. Friend ensure that all the findings of his investigation are passed on to the Lord Advocate, who is in charge of prosecutions in Scotland, because if Sir Hugh Fraser or anybody else involved in breaking the law is seen to be getting away scot-free it will bring the law into disrepute by encouraging people to believe that there is one law for the rich and another for the poor?

Mr. Sedgemore

There is.

Mr. Davis

My Department has acted in close liaison with the Department of my right hon. and learned Friend the Lord Advocate, and all relevant information has been passed to him. Any action that he takes must be a matter for him and not for me.