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Serious Fraud Office

Volume 164: debated on Monday 8 January 1990

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29.

To ask the Attorney-General when he next meets the director of the Serious Fraud Office, what matters he will discuss.

I thank the Attorney-General for his most courteous letter in answer to my request that Law Officers might help hon. Members serving on the Property Services Agency and Crown Suppliers Bill. Will he reflect on the position of Coopers and Lybrand and discuss with the Serious Fraud Office whether some of those who have been commissioned to write a report for the Government should become involved in a potential management buy-out of the Crown Suppliers? Is that not terribly near to insider trading, and should not the Attorney-General's Office consider the ethics involved?

I am grateful for the kind words with which the hon. Gentleman began his supplementary question. Matters concerning insider dealing are, in the first instance, for the Secretary of State for Trade and Industry, whose Department is the prosecuting Department for the offence known as insider dealing. I shall consider the matter that the hon. Gentleman raised and draw it to the attention of my right hon. Friend the Secretary of State for Trade and Industry.