HC Deb 21 October 1994 vol 248 cc365-6W
Mr. Campbell-Savours

To ask the President of the Board of Trade under what circumstances papers examined by his Department's inspectors and their file notes of interviews in the case of Lord Archer of Weston-super-Mare and the purchase of shares in Anglia Television may be made available to the Director of Public Prosecutions.

Mr. Neil Hamilton

Information obtained by inspectors exercising powers under section 177 of the Financial Services Act 1986 could be passed to the Director of Public Prosecutions where the purpose of the disclosure is,

"with a view to the institution of or otherwise for the purpose of criminal proceedings" that is in section 180 (1) (a) of the Financial Services Act 1986.

Mr. Campbell-Savours

To ask the President of the Board of Trade whether all the independent legal experts he consulted were agreed as to whether a prosecution should be brought in the case of Lord Archer of Weston-super-Mare and the purchase of shares in Anglia Television.

Mr. Neil Hamilton

The decision to take no further action under the insider dealing legislation against any of the parties concerned in the investigation into alleged insider dealing in the shares of Anglia Television Group plc was wholly consistent with the advice of independent counsel following their consideration of the inspectors' report and other information available to the inspectors.

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