HC Deb 07 December 1971 vol 827 cc298-9W
Mr. Arthur Lewis

asked the Secretary of State for Trade and Industry (1) whether he has now completed his investigations into alleged malpractices and contravention of the Companies Act on the part of the directors of Agra-Fund Limited, and what action he proposes to take;

(2) whether he is aware that Mr. E. J. Markus, a director of Agra-Fund Limited, whose company has been investigated by his Department for alleged contraventions of the Companies Act, is establishing a new company called Inter-Growth Security Corporation Limited and Vanguard Portfolios; and whether, as there is evidence that these companies are not genuine, he will take action under the Companies Act.

Mr. Ridley

Proceedings against Mr. Markus have now commenced and, therefore, I cannot comment on these matters.