HC Deb 17 October 1994 vol 248 c156W
Mr. Meacher

To ask the President of the Board of Trade what reports he has received from the Swiss or French Government's, police or judiciary in relation to the Swiss company SASEA and its United Kingdom subsidiaries; what actions he has taken as a result; what complaints he has received in relation to the collapse of the Mountleigh company; if he will order an investigation; and what is his policy in relation to the level of losses at a company which will automatically incur an investigation.

Mr. Neil Hamilton

I am not aware that any approaches have been made to Her Majesty's Government regarding SASEA and its United Kingdom subsidiaries.

It is not my Department's policy to discuss complaints received in relation to individual companies. If the hon. Member has information to suggest that there is good reason for a Companies Act investigation, my officials will consider it if he forwards it in the usual manner. Monetary loss is only one aspect of the test of good reason, there are no thresholds as such.