HC Deb 14 December 1989 vol 163 cc813-4W
28. Mr. Cryer

To ask the Secretary of State for Northern Ireland how much money has been recovered from the investment in the De Lorean car company; and if he will make a statement.

Mr. Needham

As my predecessor informed my hon. Friend the Member for Rutland and Melton (Mr. Latham) on 7 June 1988 and 28 July 1988Official Report columns 463 and 529, some £12.6 million has been recovered. A dividend is expected from the trustee of the De Lorean Motor Company, the United States company in bankruptcy. The recovery of further amounts will depend on the outcome of legal actions and inquiries in the United Kingdom, the United States and Switzerland.

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