International Investors Group and Real Estate Fund

HC Deb 07 February 1972 vol 830 cc256-7W

Mr. Arthur Lewis

asked the Secretary of State for Trade and Industry (1) whether he is now able to make a statement of his investigations into the alleged irregularities and fraudulent activities on the part of the past and present directors of the International Investors Group and the Real Estate Fund of America;

(2) to what extent the investigations as undertaken by the police into alleged irregularities and possible fraud upon the part of the directors and management of the International Investors Group and the Real Estate Fund of America includes or included the period prior to July, 1969 and the directors of these Companies at that time; and whether he will make a statement.

Mr. Ridley

Inquiries are still in progress and I am not in a position to make any statement.