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Proceeding contribution from Anne Snelgrove (Labour) in the House of Commons on Tuesday, 7 November 2006. It occurred during Adjournment debate on Farepak.


Farepak

My hon. Friend is right; a cheque from one of my constituents was cashed 15 minutes before the administration. I understand that the administrator has a statutory duty to report to the Secretary of State for Trade and Industry, and if he considers that the conduct of any director makes him unfit to be the director of a limited company, he can prevent them from being able to. We are discussing very rich men. They are rich off the backs of the hard work of our constituents, who now have nothing at Christmas. That is not justice.


Secondary information

Type
Proceeding contribution
Reference
451 c188-9WH 
Session
2005-06
Chamber / Committee
Westminster Hall
Subjects
Companies Closures Personal savings Farepak HBOS
Link
View this Proceeding contribution on www.publications.parliament.uk