HC Deb 10 July 1991 vol 194 cc375-6W
Mr. Beggs

To ask the Secretary of State for Northern Ireland (1) what representations have been made to the Government of the Irish Republic and the United States Government regarding the collapse of International Investments Ltd., Gibraltar, (in liquidation);

(2) what action has been taken to date by the Royal Ulster Constabulary regarding the collapse of International Investments Ltd., Gibraltar, (in liquidation);

(3) whether he will seek assurance from the Government of the Irish Republic that the persons responsible for misappropriation of moneys invested by United Kingdom citizens in International Investments Ltd. will be made amenable to prosecution.

Dr. Mawhinney

International Investments Ltd. was a company registered in Gibraltar and not in the United Kingdom. The liquidation is therefore a matter for the authorities in Gibraltar and the responsibility for making representations to other Governments regarding International Investments Ltd. does not lie with Her Majesty's Government.

Further to the RUC investigation into allegations of fraud by the principals of International Investments Ltd., the Director of Public Prosecutions for Northern Ireland has directed that one person be charged with conspiracy to fraud. The investigations are still continuing.