§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry (1) whether he will launch an investigation into the affair of Ferranti's acquisition of ISC;
(2) if he will order an inquiry into alleged fraud involving the Ferranti Company.
§ Mr. RedwoodI have no plans to do so.
The serious fraud office and the company fraud department of the metropolitan police are actively investigating allegations of fraud prior to, surrounding and subsequent to the merger of Ferranti plc and International Signal and Control Group plc.