HC Deb 12 June 1980 vol 986 cc251-2W
Mr. Cryer

asked the Secretary of State for Trade (1) whether he proposes to institute an investigation under the Com- Act into the operation and liquidation of Staflex International ;

(2) if any report has been made under section 334(2) of the Companies Act 1948 to the Director of Public Prosecutions regarding Staflex International Ltd.

Mr. Eyre

No report has been made by the joint liquidators under section 334(2) of the Companies Act 1948. My Department is in touch with the liquidators, who have indicated that they have virtually completed the work and that they consider it unlikely that evidence will be forthcoming to justify a report. In the absence of such a report, there are no grounds for further action by the Department.

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