Written question asked by Tony Worthington (Labour) on Thursday, 22 March 2001, in the House of Commons. It was due for an answer on Tuesday, 1 May 2001. It was answered by Andrew Smith (Labour) on Tuesday, 1 May 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, if he will order an inquiry by his Department into the conduct of Chester Street Insurance Holdings and related companies prior to liquidation. - (Holding answer 29 April 2001).

Answer: Mr. Clapham: To ask the Chancellor of the Exchequer if he will hold an inquiry into Chester Street Insurance Holdings and associated companies. [155894] Mr. Worthington: To ask the Chancellor of the Exchequer if he will order an inquiry by his Department into the conduct of Chester Street Insurance Holdings and related companies prior to liquidation. [155895] Mr. Andrew Smith: [holding answer 29 April 2001]: In pursuing their duties to creditors of identifying, protecting and maximising assets, the Government would expect a provisional liquidator to report any suspicions of impropriety to the appropriate authorities. The Companies Investigation Branch in the Department of Trade and Industry is responsible for receiving and acting on information relating to suspicions or evidence of company improprieties.

Secondary information

Type: Written question
Reference: 367 c565W; 155895
Session: 2000-01
Subjects: Company investigations Company liquidations Companies Department of Trade and Industry Inquiries Insurance companies Chester Street Insurance Holdings
Link: View this Written question on www.publications.parliament.uk