§ Mr. HardyTo ask the Attorney-General for how long investigations into Macdonald-Wheeler Fund Management Ltd. have been proceeding.
§ The Attorney-GeneralAn inquiry under section 447 of the Companies Act 1985 was commenced by the Department of Trade and Industry on 28 July 1986 and concluded on 6 August 1986 when upon the Secretary of State's petition to the court the Official Receiver was appointed provisional liquidator. Police inquiries into the management of Macdonald-Wheeler Fund Management Ltd. commenced in August 1986, one month after the company ceased trading. In April 1988 the newly formed serious fraud office adopted the inquiry and continued the investigation in conjunction with the police. Criminal proceedings were commenced against one person in June 1988.