HC Deb 07 December 1988 vol 143 cc169-70W
32. Mr. Sedgemore

To ask the Chancellor of the Duchy of Lancaster when he last met representatives of Barlow Clowes investors.

65. Mr. Dunnachie

To ask the Chancellor of the Duchy of Lancaster when he last met representatives of the Barlow Clowes investors.

Mr. Maude

I met representatives of the Barlow Clowes Investors Group on 24 November.

58. Mr. Bellingham

To ask the Chancellor of the Duchy of Lancaster if he will make a further statement on the Barlow Clowes affair.

Mr. Maude

Copies of Sir Godfray Le Quesne's report were passed to a number of regulatory and professional bodies. Action being taken by the Securities and Investments Board and the Financial Intermediaries, Managers and Brokers Regulatory Association was set out in my answer of 10 November at column 261. The Institute of Chartered Accountants in England and Wales has set up a team to examine the work of the auditors involved in the case, which has been asked to report by the end of the year.

I understand that the joint liquidators of Barlow Clowes International and Barlow Clowes Gilt Managers continue to make progress on recovery of investors' funds and towards distribution of recovered funds, as described by my right hon. Friend the Chancellor of the Duchy of Lancaster in his statement on 20 October.