HC Deb 03 July 1991 vol 194 c160W
Mr. Austin Mitchell

To ask the Secretary of State for Trade and Industry further to his reply to the hon. Member forr Great Grimsby on 23 May,Official Report, column 627, (1) if he will publish a list showing the dates on which the Institute of Chartered Accountants or the joint disciplinary scheme informed him of the result of their inquiries;

(2) if he will list the dates on which the reports were given to the Institute of Chartered Accountants in England and Wales.

Mr. Redwood

The information requested is as follows:

Name of Company Report sent Decision notified
1 Milbury plc 26 October 1988
Westminster Property Group Limited
2 Minet Holdings plc 13 August 1990
WMD Underwriting Agencies Limited
3 Alexander Howden Holdings plc 13 August 1990
4 The Greenbank Trust plc 19 June 1990 11 June 1991
5 Aldermanbury Trust plc 31 January 1991
6 Sound Diffusion plc 15 March 1991
7 The Animal Defence Society Limited 14 March 1991

Mr. Austin Mitchell

To ask the Secretary of State for Trade and Industry whether he has any plans to propose legislation under which partners from the auditing firms implicated in money laundering will be barred for life from practising.

Mr. Redwood

Under part II of the Companies Act 1989 the recognised supervisory bodies must ensure that only fit and proper persons are eligible for appointment as company auditors. Paragraph 6(2)(c) of schedule 11 to the Act makes relevant provision in respect of partnerships.