HC Deb 13 May 1976 vol 911 c219W
34. Mr. Lee

asked the Chancellor of the Exchequer if he will make a statement on the frauds, relating to dollar premium, operating on the foreign exchange market; and if he will then seek authority to set up a public inquiry under the Tribunals of Inquiry Act.

Mr. Robert Sheldon

The suspected offences under investigation have happened separately and at different times. There are no grounds for believing that evasion in this field is widespread, and I see no need for a public inquiry. The normal procedure of investigation will continue. This will be followed by prosecution where this is decided by the Director of Public Prosecutions to be appropriate.