HC Deb 22 February 1994 vol 238 cc171-2W
Mr. Frank Field

To ask the President of the Board of Trade when his Department's investigation into the theft of money from the Bestwood pension fund was completed; when it was made available to the Department of Social Security; and what were the reasons for the interval.

Mr. Neil Hamilton

The inspectors appointed under sections 432 and 442 of the Companies Act 1985 to investigate and report on the affairs and membership of the Bestwood plc and on the affairs of Atlanta Fund Managers Ltd. submitted their report on 26 March 1991. The inspectors' report was disclosed to the DSS shortly before the report was published earlier this year.

At the time the report was submitted, the Serious Fraud Office has already commenced a criminal investigation into certain matters revealed by the report. Publication of the report did not take place until after the conclusion of the criminal proceedings.

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