§ 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 299W 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.