§ Mr. Cartwrightasked the Secretary of State for Trade and Industry if he will set up an inquiry under section 14 308W of the Companies Act 1985 into the affairs of the Greater London Enterprise Board and the London Enterprise Property Company.
§ Mr. HowardMy right hon. and learned Friend has the power to investigate the affairs of companies under the provisions of section 431 and section 432 of the Companies Act 1985. He also has more limited powers under section 447 of the Companies Act 1985.
The police are already making inquiries concerning the affairs of these companies and I see no reason to exercise these powers at present. I will, however, keep the situation under review and consider any further information the hon. Member has about these companies.