§ Mr. ClaphamTo ask the Chancellor of the Exchequer if he will hold an inquiry into Chester Street Insurance Holdings and associated companies. [155894]
§ Mr. WorthingtonTo ask the Chancellor of the Exchequer if he will order an inquiry by his Department into the conduct of Chester Street Insurance Holdings and related companies prior to liquidation. [155895]
§ Mr. Andrew Smith[holding answer 29 April 2001]: In pursuing their duties to creditors of identifying, protecting and maximising assets, the Government would expect a provisional liquidator to report any suspicions of impropriety to the appropriate authorities.
The Companies Investigation Branch in the Department of Trade and Industry is responsible for receiving and acting on information relating to suspicions or evidence of company improprieties.