§ Mr. Cryerasked the Secretary of State for Trade if he will give the present position of the investigation into Koscot Ltd. and Dare To Be Great Ltd.
§ Mr. Clinton DavisThe investigations have been concluded.
Koscot Interplanetary (United Kingdom) Ltd. and Koscot AG were compulsorily wound up on 31st July 1972 on the petition of the Department, following inquiries under Section 109 of the Companies Act 1967. On 25th September 1974 two persons were found guilty in respect of offences committed in their conduct of the business of Koscot Interplanetary (United Kingdom) Ltd. and were sentenced to terms of imprisonment of 18 months and nine months respectively, both suspended for two years, fined £500 and ordered to pay costs of the prosecution.
Dare to be Great (United Kingdom) Ltd. was wound up compulsorily, again on the Department's petition, on 17th June 1974. The information obtained following inquiries under Section 109 of the Companies Act 1967 was passed to the Director of Public Prosecutions and, on counsel's advice, it was decided to proceed no further.
The Official Receiver, who has a duty under the Companies Acts to investigate the affairs of companies ordered to be wound up by the Court, has completed his inquiries.